Register a company car in NettoWise

A company car is a car that is on your business balance sheet. It is not a private car. In NettoWise you register this car so the fiscal effects, such as the benefit in kind and costs, are included in your calculation.

Where to add the car

1. Go to Portal -> Data -> Car.
2. Click Add.
3. Fill in the details and save.

What happens after adding

Once you add the car, NettoWise uses your input to calculate the benefit in kind. The benefit in kind increases your taxable income. To balance the effect, you should also enter your business car costs so they can reduce the benefit in kind. NettoWise applies this combined effect to your net income per period.

Important: In NettoWise the benefit in kind is never higher than the car costs you have entered. If the costs are lower, the benefit in kind is capped at that lower amount.

Example 1 Your benefit in kind is EUR 3,600 per year and you enter EUR 4,200 in car costs. NettoWise includes the full benefit in kind because the costs are higher.

Example 2 Your benefit in kind is EUR 3,600 per year and you enter EUR 2,000 in car costs. NettoWise caps the benefit in kind at EUR 2,000.

Field explanations

In the form you will see several fields that affect the calculation:

Date of first admission

This is the date the car was first admitted to the road. It matters for the benefit in kind and the vehicle type.

Purchase date

The date you purchased the car and the date it became part of your business assets.

Catalog value

The catalog value is the amount including VAT and BPM. This value is used to calculate the benefit in kind.

Vehicle type

You choose the vehicle type (for example electric, petrol/diesel, or youngtimer). This determines the benefit in kind percentage and any CO2-related rules.

Private use

Indicate whether you use the car privately (more than 500 km per year). Private use applies the benefit in kind, which can reduce your net income.

Company car vs private car

A company car belongs to your business and is on the balance sheet. Private cars are not. If you use a private car for business, you handle it through other arrangements, not by registering it as a company car.