New guidelines for accounting the home charging of BEV and PHEV

Two important legislative changes concerning the accounting of costs for home charging of battery electric vehicles and plug-in hybrids (hereinafter referred to as 'electric vehicles'), classified under depreciation group 0, will come into effect on January 1, 2025.

The first change is an amendment to the Income Tax Act, which modifies the method of accounting for home charging of company electric vehicles. This adjustment provides employers with new options for claiming fuel expenses (hereinafter referred to as 'fuels'), including the use of a reference electricity price. The second change concerns the Travel Allowance Act (the draft amendment has not yet been approved as of today) and adjusts the reimbursement of costs for electricity consumed during home charging of private electric vehicles used by employees for business trips.

Both laws bring simplification and transparency in applying costs associated with charging electric vehicles in a home
environment.

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