The 2017 Program law has been adopted by the Parliament on 22 December 2016.
The provision of a company car used for private purposes by employees is made more expensive for employers. This is especially the case when fuel costs are (partly or entirely) borne by the employer in combination with the company car (typically through a fuel card or through reimbursement of fuel costs).
In addition to the above changes, the Program law includes an increase of the withholding tax, which will also affect the liquidation reserves built up after 1 January 2017.
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