The German Ministry of Finance Nov. 18 posted online Letter No. 2021/1203982, updating the guidance on the taxation of employment travel allowances. Topics covered include: 1) flat rates for distance allowances from 2021 through 2026; 2) a maximum distance allowance of 4,500 euros (US$5,074) in a calendar year; 3) the relevant distance between home and the workplace; 4) calculation procedures of the allowance; and 5) the flat-rate taxation of benefits in the form of discounted transportation between home and work. [Germany, Ministry of Finance, 11/18/21]
Reference:
View BMF Letter No. 2021/1203982. View Announcement.
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