View Single Post
  #9  
Old 06.06.2020, 16:12
user137's Avatar
user137 user137 is offline
Forum Veteran
 
Join Date: Feb 2012
Location: Zürich
Posts: 767
Groaned at 19 Times in 13 Posts
Thanked 481 Times in 307 Posts
user137 has an excellent reputationuser137 has an excellent reputationuser137 has an excellent reputationuser137 has an excellent reputation
Re: company car option

Quote:
View Post
I don't get your calculations.

4800 CHF added to your taxable income
4000 CHF you cannot deduct for transport to work

Total=8800 CHF additional taxable income.

You mention additional taxes of 8000 CHF?

Even taking a high tax bracket and assuming this makes you jump a bracket hence you would pay 1-2% more overall, it still sounds high?
sorry, I was sloppy with the terms.

8000-9000 CHF added to taxable income results in about 2500 CHF actual taxes. Seems not a bad deal if one gets a car, most of the petrol, the full casco insurance, the road tax and service and repair costs for an estimated 200 CHF a month. Disadvantage is that I can't pick my own car (this I might actually negotiate).

The other way around I'd pay about 2k for taxes and insurance (same amount I "lost" before) on top of the purchase price and run the additional cost of amortization. I calculate I can reclaim about 2-4k on running costs as per the 0.7 CHF rule reimbursement. Advantage: my car, disadvantage: my depreciation and my fuel costs.
Reply With Quote