Context

As mentioned in our PTX headlines n°80, dated 3 December 2003, the Belgian Minister of Finance confirmed in a press release of 27 November 2003 that the tax legislation regarding company cars would not be changed and that the rules provided for by the administrative circular relating to the determination of the benefit in kind for the private use of a company car by Belgian public officers can be applied as a “general rule”.

News

The Belgian Minister of Finance has confirmed this today on the occasion of the Brussels International Motor Show (*).

According to our contacts, a new circular in this respect is expected to be released by the tax authorities soon. This new circular would determine the benefit in kind for the private use of a company car to 5.000 km or 7.500 km, depending whether the distance between the home and the office is lower or higher than 25 km.

This new circular would be applicable as from 1 January 2004. All existing agreements would no longer be applicable. New agreements would consequently be required whenever the current agreements do not comply with the new rules.

(*)
FR: http://news.hrservices.be?lk200401221
NL: http://news.hrservices.be?lk200401222