Your employee uses a company car with an OMV of €30,000. Their annual business travel is 9,000 kilometres. They are not required to pay towards the cost, or the running expenses of the car.
Your employee spends more than 70% of working time away from your premises.
The cash equivalent is calculated as €7,200 for the year (€30,000 x 24%).
Your employee is paid weekly. A cash equivalent of €138.46 (€7,200/52) should be added to their wage.