New petrol and diesel company cars more expensive in pay packets
In the crosshairs company cars granted to employees for mixed use and with increased IRPEF and payroll taxation for the employee and for the company if the car is diesel or petrol-powered, and conversely favouring the choice of an electric and plug-in car
2' min read
2' min read
The cut of 3.5 billion in environmentally harmful subsidies (Sad), to be realised by 2030 as envisaged in the National Recovery and Resilience Plan and reaffirmed by the government in the Structural Budget Plan (SBP), finds its first practical implementation with Article 7 of the draft budget law, which concerns company cars allocated as of next January.
In the crosshairs end up company cars granted in mixed use to the employee and with an increase in the Irpef taxation and contributions in the pay packet to the employee and for the company if the car is diesel or petrol and conversely favouring the choice of an electric and plug-in car.
Penalising Co2 emissions
.Already today, the tax authorities penalise company cars on the basis of their CO2 emissions by setting at 30 per cent the share of the value calculated on the basis of the car's mileage (conventionally set at EUR 15,000) and the vehicle's operating value as determined by the ACI tables, which contributes to the formation of taxable income for cars with harmful emissions between 60 and 160. Above this threshold and up to 190, the percentage rises to 50 per cent, while for super-polluting cars the percentage rises to 60 per cent.
A discipline, this one, applied to about 90 per cent of the company cars in circulation and which, on the contrary, rewards those who choose for electric and plug-in where the percentage to be applied is 25 per cent. To close the circle there are then two exemption thresholds of 1,000 and 2,000 euro that effectively neutralise in the pay packet the weight of the fringe benefit recognised by the employer.
Effects of the 2025 manoeuvre
Now, however, the manoeuvre revises the rules for calculating the benefit to be applied to contracts concluded from 1 January 2025, when the new budget law comes into force. For all diesel- or petrol-powered cars, including those with an emission of more than 190 Co2, the percentage for determining the employee's share in taxable income rises to 50 per cent. For example, for a car that today has a fringe benefit of EUR 2,416.5, this would rise to over EUR 4,000, a 66 per cent increase of over EUR 1,600.
