As mentioned in our newsflash of 21 April 2021, the text of the government declaration indicated that it was the intention to modify the tax treatment of company cars by 2026 and move to zero emission vehicles. On 18 May, the Belgian federal government reached an agreement on the tax treatment of (eco-friendly) company cars.
The government has reached a consensus on the terms of the wage negotiations and provided their mediation proposal to the unions and employer’s organisations. Besides confirming that the wages may increase up to 0,4 % in 2021 and 2022 on top of the expected indexation (2,8%), it provides that companies that have performed well in
Assessing the true value of payroll Payroll is one of the most critical functions in managing and remunerating a workforce and it is often an organisation’s largest expense. With the current COVID-19 situation and the need to have a good overview of costs and expenses at their fingertips, many organisations are looking into payroll optimisation.
The text of the government declaration already indicated that it was the intention to modify the tax treatment of company cars by 2026 and move to zero emission vehicles. To make this ambition a reality, the Belgian Minister of Finance, Vincent Van Peteghem, has now announced to make work of this initiative. The Minister stated
A series of podcasts tackling the key issues organisations face today regarding their most important asset: their workforce We’re delighted to announce the launch of PwC’s Workforce Podcast series. Our PwC experts will tackle the key issues organisations face today on their most important asset: their workforce. Last year, working remotely became the new standard,
Implementation of CRD V into Belgian law – Are banks’ remuneration policies and practices gender-neutral?
On 26 February 2021, the Council of Ministers approved a first reading of the draft law transposing certain EU directives into Belgian law, among which the fifth Capital Requirements Directive (CRD V). The latter entered into force in June 2019 and should have been transposed by Member States by 28 December 2020. As a reminder,
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. A few months after the previous update, the list of corresponding vehicles for “fake hybrids” has been updated again earlier this week. You can
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