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Flat-rate reimbursement for charging a company EV at home may trigger income tax
๐Ÿ“ˆ Business

Flat-rate reimbursement for charging a company EV at home may trigger income tax

Employees who charge their company electric vehicle at home and receive a flat-rate electricity reimbursement may face an income tax liability. The lump-sum payment could be classified by tax authorities as taxable income for the employee. Financial and tax advisers recommend verifying the arrangement before adopting it.

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