From Ag.Entrate vademecum fringe benefit 2025 company cars

The new tax rules in force from 2025 for company vehicles in mixed use by employees does not apply if the vehicle was ordered by the end of 2024 and delivered to the worker within the first half of this year. Nothing changes for cars registered and assigned to the worker From 1st July 2020 to 31st December 2024: the old rules are valid until the natural expiry of the contracts. These are some of the clarifications contained in a circular with where the Revenue Agency illustrates the tax rules applicable to vehicles granted as fringe benefits, as amended by Budget Law 2025 and the "Bills" decree to incentivize sustainable mobility. The document also provides operating instructions for the application of the new regime and clarifies, also with examples practical, in which cases the rules can still be applied in force until 31 December 2024. - The new features of the Budget Law: from 1st January This year the rules for vehicle taxation have changed company granted to employees for mixed use, therefore both for work and for personal needs. The 2025 Budget Law has in fact foreseen new percentages to determine the value of fringe benefits, differentiated based on environmental impact of the vehicle. In particular, for motor vehicles, motorcycles and mopeds granted under contracts signed from 1 January 2025 onwards, the value of the fringe benefit that contributes to the formation of taxable income from employment yes determines by applying 50% of the annual mileage cost (defined according to the ACI tables), net of the sums possibly withheld from the employee. This percentage drops to 10% for battery-powered vehicles with traction exclusively electric and 20% for plug-in hybrids. The new The regulation applies to vehicles which, from 1 January 2025, are registered, subject to concession contracts in use promiscuous and delivered to the employee. The Revenue Agency also explains that: - The transitional period: To ensure a gradual application of the new provisions the legislator has provided, under specific conditions, the possibility of applying, also in the first half of 2025, the old percentages for the determination of the values ​​that constitute fringe benefits. In in particular, the taxation system envisaged up to now remains valid by 31 December 2024 not only for vehicles granted for use promiscuous to employees between 1 July 2020 and 31 December 2024, until the natural expiry of the contracts, but also for the vehicles ordered by the employer by 31 December 2024 and delivered to the employee between January 1st and June 30th 2025. The circular also specifies that, if the vehicle ordered by the end of 2024, in relation to which the registration requirements, contract stipulation and delivery occurred between January 1st and June 30th 2025, are among those with low emissions that benefit from new more favorable percentages (10% for electrics, 20% for plug-in hybrids), the new system is considered applicable advantageous.