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V2576-25 18 December 2025 · SG de Impuestos sobre la Renta de las Personas Físicas Criterion in force
IRPF · retribución en especie

Vehicle rental reimbursement must be 20% of new market value

A company asks whether it can value vehicle rental reimbursements by their real cost. The DGT replies that, since the vehicles are not owned by the company, a 20% annual market value of a new vehicle must be applied.

The question raised

Valuation of the benefit in kind, and in particular, whether it can be valued based on the actual cost to the payer.

The DGT's ruling

For vehicles in use that are not owned by the payer, the valuation is 20% per annum of the market value that would correspond to the vehicle if it were new. This market value includes expenses and taxes, and is determined according to the value at the time the renting contract is entered into. The remuneration includes insurance, taxes, and maintenance, but not fuel. The valuation is reduced to 30% if the vehicle is energy efficient according to the established emission limits and value.

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