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
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
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
Company cars, internal capital gains, withholding tax, … What are the new tax measures for the year end?
Last October, the Federal Government reached an agreement on the budget and, in this framework, on several tax measures. The most important ones relate to the taxation of company cars and the end of the tax-free step-up in the case of a contribution in capital of shares by an individual (commonly referred to as “internal
In principle all cars that are used on public roads in Belgium have to be registered in Belgium, including company cars provided by foreign employers. However, depending on the factual circumstances, specific exceptions may be available. If, for example, certain conditions are met, no registration is required for Belgian employees who drive, on Belgian public roads, a company car (with
With more than a year having passed since administrative VAT decision ET.119.650, the Minister of Finance announced that the VAT authorities will publish shortly the long-awaited VAT addendum stipulating how private use of company cars is to be determined. The new guidelines will take effect on 1 January 2013. For 2012, the administrative tolerance set