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V1762-15 ·3 June 2015 ·consulta-vinculante Medium impact
Tax

Purchasing bicycles as benefits in kind is not exempt from Income Tax

A company has enquired whether purchasing bicycles for employees through flexible remuneration offers any tax advantages. The Directorate General for Taxes (DGT) has ruled that, unlike public transport allowances, the purchase of bicycles does not benefit from an exemption from Personal Income Tax (IRPF).

In 6 key points

How it affects those involved

Companies providing bicycles as part of a flexible benefits package must account for them as taxable income for employees, as they do not qualify for the same tax exemptions as public transport subsidies.

Lifecycle

2015-06-03PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
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