Company Car Tax Calculator
Company Car Tax Calculator
Work out the fringe-benefit tax on an employer-provided company car.
How it works: The taxable benefit is 3.5% of the car’s determined value (its cost including VAT) per month, or 3.25% if it came with a maintenance plan. For PAYE, 80% of that is added to your pay, or 20% if at least 80% of use is for business. On assessment, a logbook reduces the benefit for business kilometres.
Frequently asked questions
Is a car allowance better than a company car?
It depends on the car's value, your business kilometres and who pays running costs. Run both calculators to compare.
What if I pay for fuel myself?
With a logbook, private fuel you paid for reduces the taxable benefit on assessment.
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