Bill, amendment tabled: company cars ordered by 2024 and granted until 30 June 2025 are exempt from the tax squeeze

The company car saver is back, this time substantially armoured, in the form of an amendment by the rapporteurs to the bill. Excluded from the stretta introduced with the last budget law are company cars ordered by employers by 31 December 2024 and granted for mixed use from 1 January 2025 to 30 June 2025. This is provided for in an amendment to the bills decree filed by the rapporteurs, Gianluca Caramanna (FdI) and Andrea Barabotti (Lega), in the House's Productive Activities Committee.

The provision estimates the costs of the postponement at EUR 8.3 million for the year 2025 and EUR 9.5 million for each of the years 2026 and 2027, and EUR 1.2 million for the year 2028.

Before the last manoeuvre, the value of the fringe benefit on company cars, subject to taxation, was equal to a percentage of the kilometric cost that varied according to the vehicle's emissions. The taxable percentage went from 25% of the cost per kilometre (calculated on an annual mileage of 15,000 kilometres) for vehicles with CO2 emissions of less than 60g/km up to 50% for vehicles with emissions of more than 190g/km.

Instead, the new system introduced by the Budget Law differentiates the taxation of the benefit according to the type of fuel, raising the taxable amount to 50 per cent of the kilometre cost for all petrol and diesel vehicles regardless of emissions. The percentage drops to 20 per cent for plug-in hybrids and 10 per cent for electric vehicles. The amendment to the bill for vehicles ordered by 2024, and delivered by 30 June 2025, would thus revert to the previous tax regime with a lower taxable amount for petrol and diesel company cars.

A similar rule had also been proposed in an FdI amendment to the same decree, which was, however, judged inadmissible when examined by the Productive Activities Commission.