The mobility allowance is already being revised
As from 1 January 2018, it is possible for employees to exchange their company cars for a mobility allowance – the so called ‘cash for cars’- which is subject to a beneficial social security & income tax treatment (see our newsflash of 25 May 2018). Now, after a short evaluation period, the Belgian Federal Government
Is your mobility strategy up to date?
The changing world of mobility In Belgium, cars are still the most frequently used means of transportation. Given the current tax and social security landscape, the company provided car is still a highly valued element in the reward scheme by many employees. Nonetheless, the landscape of the company car is changing with the upcoming new WLTP (Worldwide
The mobility allowance has arrived
In the Belgian Official Gazette of 7 May, the Act of 30 March regarding the introduction of a mobility allowance – the co-called “Cash for Cars” – was published. This Act provides for the possibility for employees who have a company car at their disposal to exchange this company car for a compensating cash allowance
Benefit in kind – Private use of a company car: updated formula for 2018
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 19 December 2017 (Royal Decree of 13 December 2017). For income year 2018, the following CO2 emission will be applied to the above
Federal government reaches agreement on “Cash for Car”
Recently, an agreement was reached by the federal government regarding the introduction of a mobility budget, as an alternative for company cars. As of 1 January 2018 it would become possible for employees (who already use a company car) to exchange their current company car for a cash compensation, provided that both parties (employer and
Benefit in kind – Private use of a company car: updated formula for 2017
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 5 December 2016 (Royal Decree of 24 November 2016). For income year 2017, the following CO2 emission will be applied to the above
