What is a Fringe Benefit?
A fringe benefit is an extra perk or benefit that employees receive in addition to their regular salary. In Italy, company cars used for personal purposes are considered fringe benefits and are subject to income tax, based on the car’s value and estimated private use.
How the Avrios Fringe Benefit Feature Works
The Avrios Fringe Benefit feature:
Automatically calculates fringe benefits for all officially supported vehicle, using the latest ACI tables.
Allows you to export the results as an Excel file, which can be shared with your HR department to deduct income tax directly from employee pay slips.
Why It Matters for You
Save time: Manual fringe benefit calculations take 5–10 minutes per vehicle. With Avrios, the first calculation takes just 16 seconds, and for the same vehicle in following years, it’s automatic—requiring 0 seconds of work.
Scale efficiently: For a fleet of 200 vehicles, the first-year calculation can save 16–32 hours. In the following years, Avrios automatically calculates fringe benefits, saving the full time effort without any manual input.