Company cars completely electric by 2026?
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
PwC’s Workforce Podcast
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,
Company cars: the list of false hybrids has been updated
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
Benefit in kind – Private use of a company car: updated formula for 2021
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
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
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
Circular letter published on consumption cheques
As mentioned in our newsflash of 9 june 2020, the federal government has agreed that employers will be able to grant consumption cheques to their employees to support the sectors most affected by the corona crisis. On 22 October, the Belgian Tax Authorities have published an administrative guideline clarifying some practicalities for employers to offer
