Yes. The benefit value is governed by the Swedish Tax Agency’s current rules and may be adjusted annually—even during an ongoing 36-month lease period.
Why can the benefit value change?
The most common reason for changes to the benefit value is changes in the government bond interest rate, which is determined in November ahead of the upcoming tax year. If the Swedish Tax Agency or the government bond interest rate changes the conditions, the employer must update its reporting of the benefit value and payroll processing to comply with applicable tax legislation.
How is the change handled?
As an employer, you do not need to monitor or keep track of these changes yourself:
- Automatic information: Lease a Bike automatically provides you with updated bicycle benefit values ahead of each new year.
- Updated payroll files: You receive the correct documentation well in advance, so you can easily adjust the gross salary deduction and benefit value.
- Minor impact: These are generally minor adjustments that are rarely noticeable to the employee.