The zero-emission company car as the new standard
19/05/2021

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 main principles as indicated in our newsflash of 21 April 2021 remain. As from 2026 onwards, only zero emission company cars will be able to benefit from a tax deduction. New in the agreement the government reached today, is that the zero emission company cars will initially be 100 % tax deductible in the year 2026, but by 2031 that percentage will gradually reduce to 67,5%. For fossil fuel cars, a scenario has been agreed whereby the deduction will be reduced year by year between 2023 and 2028, without breaking existing contracts. So far, no changes seem to be introduced in relation to the taxable benefit in kind on behalf of the employee, except for the usage of only the new WLTP norm for new cars. 

In addition, the government has agreed to increase the number of charging stations in Belgium by giving tax incentives. Finally, agreements have also been made on simplifying the Mobility Budget. As soon as more information is available we will provide updates.

Bart Lombaerts

Director
Tel: +32 475 98 28 17
 

Voir aussi : PwC Belgium

[+ http://www.pwc.be]


Click here to see the ad(s)
Tous les articles Fiscalité directe des entreprises

Derniers articles Fiscalité directe des entreprises

Renouncing BE-REIT or FIIS status: the Ruling Commission clarifies the tax consequences
22/06/2021

In a press release dated 12 May 2021, Leasinvest Real Estate announced its intention to give up its public regulated ...

Read more

The ELTIF: amendments in the Belgian AIFM Law
17/06/2021

On 19 April 2021, a draft law on diverse financial provisions (the “Draft Law”) was published. The Draft Law w...

Read more

Far-reaching EU tax reform plans announced: what they could mean for corporate taxpayers
20/05/2021

On 18 May 2021, the European Commission issued a communication on “Business Taxation for the 21st Century”. Th...

Far-reaching EU tax reform plans announced: what they could mean for corporate taxpayers Read more

Vers l’omniscience du fisc ? DAC 7 publiée, DAC 8 en chemin
19/05/2021

L’administration fiscale sait déjà beaucoup de choses sur les citoyens et une grande partie de ces inf...

Read more

LexGO Network