hrservices.be banner

Tools

PwC service offerings

Tags

accounting treatment Belgium capital-sharing company cars crisis measures double tax treaty employee employees employment tax EU Regulation 883/2004 exemption fiscal benefit Flanders foreign income HR environment HR Services Human Resources income tax indexation India Lambermont life insurance marital quotient system pensions personal income tax private PC profit-sharing profit participation PTX registration duties salary slips salary tresholds second company car severance pay social security treaty stock option stock option income tax taxation tax reduction tax reform tax treatment Uruguay withholding tax work permit

Site search

Subscribe to our HRS headlines

RSS RSS – HRS Headlines

Sharing knowledge
The Tax Guide in De Tijd/L'Echo was created with the help of our Personal Tax Consultants

Discover Global Office MyTaxes.pwc.com and GlobalSTAR, our worldwide HR & tax web tools

Calculate your car policy’s VAT cost

Go to Benefit in kind VAT impact calculator
12Feb

Company cars – Circular published

 

Context

As mentioned in our PTX headlines of 22 January 2004, the Belgian Minister of Finance recently confirmed in two press releases that the tax legislation regarding company cars would not be changed and that a new administrative circular would be issued to clarify the application of the Law.

News

The tax authorities just published this long expected circular on their web site this afternoon: (please click the link to access the circular)
FR: http://news.hrservices.be?lk200402121
NL: http://news.hrservices.be?lk200402122

As announced, the new circular fixes the total number of private kilometres taken into account to determine the benefit in kind for the private use of a company car to 5.000 km or 7.500 km, depending on whether the distance between the home and the office is lower or higher than 25 km. This includes also the kilometres driven for purely private purposes.

The new circular is applicable as from 1 January 2004.

According to our informal contacts at the National Office of Social Security, the social security authorities would apply the same rules as the fiscal authorities to determine the benefit in kind.

Share

Posted: February 12th, 2004