Company bike tax benefit
You can get a company bike as a tax-free personal benefit up to a value of €100 per month. This means that a company bike is a tax-free benefit up to €1,200 annually, throughout its contract period!
For you as employees, this means the chance to get a bicycle of your dreams conveniently as part of your salary – as a turnkey service, of course. An employer can also offer this benefit on top of wages or pay a share of the bicycle’s acquisition cost. In most cases, the bikes are leased through a temporary leasing contract. An employer can also buy a bicycle to own it fully.
A bike benefit can be deducted from your pay, same as any other employee benefit. This means that your taxable income will decrease by the taxation value of the company bike. As you pay less tax for the reduced income, the share of your net salary will decrease an average of 20%–40% less than the taxation value. In other words, a company bike benefit can help you save 20%–40% of the total bike acquisition costs.
Tax exemption can help you save up to 20%–40% of the acquisition price of your dream bike!