Benefit in kind – Private use of a company car: updated formula for 2022
The Royal Decree implementing 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 in the Official Gazette on 13 December 2021. For income year 2022, the following CO2 emission will be applied to
Draft law organising the fiscal and social greening of mobility – Amendments
As indicated in our newsflash of 16 September 2021, it was agreed in the government declaration to adapt the tax and social legislation around mobility to stimulate the green agenda. On 19 october amendments were made to the draft law, which were adopted by the Finance Commissions on 26 October and approved in the Plenary
Draft law implementing the zero-emission company car as the new standard
As indicated in our newsflashes of 21 April 2021 and of 18 May 2021, it was agreed in the government declaration to adapt the tax and social legislation around mobility to stimulate the green agenda. On 14 September the draft law specifying the fiscal and social treatment of company cars was submitted to The Chamber.
The zero-emission company car as the new standard
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.
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
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
Company vehicles: CO2 solidarity-contribution
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
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
