News articles written by Bart Lombaerts

Company vehicles: CO2 solidarity-contribution

11 January 2021

The CO2-emission is and remains key when taxing cars in Belgium. In a previous newsflash, we’ve already explained which CO2-emission (NEDC, NEDC 2.0 or WLTP) should be used for tax purposes in the coming year(s). Now, also the National Social Security Office (NSSO) has confirmed that, in absence of new legislation, they will keep following

Benefit in kind – Private use of a company car: updated formula for 2021

16 December 2020

The new reference CO2 emission for calculating the taxable benefit in kind for the private use of a company car in the hands of company directors and employees has been communicated on 15 December 2020 (a Royal Decree will follow as soon as possible). For income year 2021, the following CO2 emission will be applied

Company cars: decrease of the lump sum benefit in kind will no longer be possible

19 November 2020

If we’re talking about company cars, there’s one element that keeps on coming back over the past few years: our fleet needs to become greener. Now, the Belgian parliament has introduced a Proposal of Law (Doc 55 0904 – 2019/2020)which is (again) looking at the reference CO2-emission which is used to determine the taxable benefit

Company cars: the list of false hybrids has been updated

10 November 2020

Over the past few years, the taxation of cars has been linked more and more to their ecological footprint, and more specifically, their CO2-emission. This is not different for hybrid cars. Half a year after the previous update, the list of corresponding vehicles for “fake hybrids” has been updated again. You can find the list

New lump-sum amount for reimbursement of business use of private car

24 June 2020

Employees using a privately-owned car for business purposes can now be reimbursed a lump-sum amount of EUR 0,3542 per kilometer. Costs that an employee incurs when using a privately-owned car for business purposes can be reimbursed by the employer free of income tax and exempt from social security contributions. Repayment can be made on a

Benefit in kind – Private use of a company car: updated formula for 2020

11 December 2019

The new reference CO2 emission for calculating the taxable benefit in kind for the private use of a company car in the hands of company directors and employees has been published on 11 December 2019 (Royal Decree of 3 December 2019). For income year 2020, the following CO2 emission will be applied to the above

Minimum director fee: penalty of 5% removed from Income Tax Code

10 April 2019

The Corporate Income Tax Reform Act had introduced a distinct taxation of 5% due by each company (large or small) that does not grant a minimum director fee of EUR 45,000 (EUR 75,000 for a group of affiliated companies). The tax was due on the difference between the highest compensation actually paid and the required

Royal decree implementing the mobility budget published

3 April 2019

On the 29th of March the law of 17 March 2019 concerning the introduction of a mobility budget was published together with a royal decree implementing this law. In comparison with the draft law no changes were made to the published law. It is mainly the royal decree, which implements the law concerning the mobility