Cykelförmån

Cykelförmån, often translated as "bicycle benefit" or "cycling benefit," is a tax-advantaged employment benefit common in Sweden and some other European countries. It allows employers to offer employees the use of a bicycle as part of their salary package, often in exchange for a reduction in their gross salary. The primary advantage of cykelförmån is that it is generally considered a non-taxable benefit for the employee up to a certain value.

This arrangement is designed to encourage cycling as a sustainable and healthy mode of transportation, reducing both environmental impact and promoting physical well-being. Employers benefit from a more engaged and potentially healthier workforce, as well as contributing to corporate social responsibility goals. The employee gains access to a new bicycle without the full upfront cost and can use it for commuting and personal use.

The specific rules and tax limitations for cykelförmån can vary by country and are subject to change by tax authorities. Typically, there is an annual cap on the value of the benefit that remains tax-free. If the value of the bicycle or the benefit exceeds this limit, the excess amount may be subject to income tax for the employee. The administration of the benefit often involves a leasing company that purchases and manages the bicycles, facilitating the process for both employer and employee.