The basis for calculating reimbursement for an employee's own car is mainly the distance driven, but also the full vehicle registration document, which states the car's average fuel consumption per 100 km.
Calculating reimbursement for vehicle wear and tear is very simple: multiply the distance driven by the rate of CZK 4.70/km.
Fuel reimbursement can be based on actual receipts for petrol or diesel used during the trip. If the fuel was bought on several receipts, use the average petrol or diesel price. Calculate reimbursement by multiplying the fuel price, the car's consumption per 100 km and the distance driven, then dividing by 100.
The second way to determine fuel reimbursement is to use the fuel prices set by decree. These statutory fuel prices increased in May 2022 to:
- CZK 44.50 per litre of 95-octane petrol,
- CZK 40.50 per litre of 98-octane petrol,
- CZK 47.10 per litre of diesel,
- CZK 6.00 per kWh for electric vehicles.
You can calculate your employees' own-car reimbursement yourself, but it does no harm to ask your accountant to check your calculations. If you are unsure, do not hesitate to get in touch and we will look at it together. 🙂