Yes, it can. Since the taxable benefit value for a benefit bicycle is based on the Swedish Tax Agency’s current regulations, the value may be adjusted annually. Here, we explain what affects this and how it is handled.
Why does the taxable benefit value change?
There are mainly two factors that determine whether the value changes from one year to the next:
The government bond yield: The Swedish Tax Agency uses the government bond yield (at the end of the previous year) to calculate the interest benefit for the bicycle. If the interest rate goes up or down, the total taxable benefit value for the coming year is affected.
Changes in legislation: If the government or the Swedish Tax Agency decides on new guidelines for bicycle benefits, the employer must adjust its reporting to comply with the current tax legislation.
How does this affect the gross salary deduction?
When the taxable benefit value changes, the gross salary deduction is also adjusted. This is because the employer’s savings on employer contributions change in line with the taxable benefit value. We always strive to keep the benefit as advantageous as possible for you as an employee!