I'm getting a bit confused by the various literature I am reading about German Taxes on driving a company car. I know its 1% of the vehicles list price per month. Is this treated as extra monthly income, which attracts a higher income tax burden.
Or is it a flat tax that is deducted at the rate of 1% of the vehicles value each month?
Just to be clear - I'm after the algorithm (formula) for calculation, rather than the absolute answer for a given vehicle.