Car business: rising to 50% on taxable income since 2007

For cars in use to employees, prepared the new amount of benefits to be taxed in payroll in 2007. In a statement posted on the  «Official Gazette » No 288, 12 December, l 'Revenue Agency has announced the table Aci for 2007, with the cost per kilometer will be applied for quantification of income in kind arising from the use of promiscuous company cars by employees and holders of similar income (eg, Collaboration and directors of companies).
The new list, based on an annual mileage of 15 thousand kilometers, take account of amendments made by the operation of autumn in Article 51, paragraph 4, of Tuir, which has elevated by 30 to 50% the amount of the benefit (even hours to 7,500 kilometers). The new amounts will remain valid for the entire kilometer 2007.Se, after other measures (which may be launched, as indicated in Decree-Law 262/06, according to the 'introduction of any limits on the deductibility of VAT), the major proportion should be reduced, employers will determine the benefit by multiplying the unit cost indicated in the table for the number of miles corresponding to the new quota fixed by law.
The table contains the values for the benefit almost all the cars in circulation, production and out of production. If the vehicle assigned to the employee not to ¨ the list, to quantify the taxable income must be referred to a similar pattern (circular 327/E/1997).
The value of the benefit table, as explained in Article 51 of Tuir à ¨ standard and should be used even if the actual mileage of 'car, for purposes extraaziendali, being lower or higher than 7500 kilometers (50% to 15 thousand). Similar fashion, à ¨ insignificant amount of costs actually incurred by the company, which may be even greater than indicated by law, without cia ² results in a higher rate of tax for the employee.
The amount to be covered by social security contributions and withholding tax is determined net of any amounts withheld to the employee or the entity treated (or pay them to the employer, and as the circular 327/E/97) for use within the end of the taxable year.
Of course, if the annual rent paid by the employee for the use of 'cars (to be considered including the' VAT on the invoice by the employer) Ã ¨ equal or even higher amount in Table Aci, the benefit will be set entirely clear, with the result that there will be no obligation to contribute and placing holds on the employer.
The contributing and believed in the value of benefits must take place during the pay period, and therefore usually monthly for employees to determine delperiodo pay of the directors and Collaboration will, however, refer to the payment system provided the resolutions, contracts and agreements.
Recall that from 2006, the allocation of 'car in the employee benefits pià ¹ does not allow the full deduction of the costs (depreciation, leasing, fuel, etc.) but only of' amount ', according to ACI, is income in kind . For the exclusive use of company cars, instead, the rule in effect excludes any deduction, except for agents and representatives. Even on this narrow, introduced by Decree-Law 262/06, according to the attenuation could get partial recovery of the 'Tax on cars that the EU will grant all' Italy after the European Court of Justice.
For professionals (applying a deduction to 25% with a cost limit of 'auto major to 18,076 euros), the allocation of' car being used to employees will result in the deduction, in addition to the value of benefits, an amount equal 25% of costs exceeding this value.

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