Accelerating the greening of company cars? Things finally seem to be gaining momentum. In any case, Minister of Finance Vincent Van Peteghem has several very concrete fiscal measures ready to accelerate the greening of company cars. Something we at Blulinc are, of course, following closely.
The key points of the proposal at a glance
Only the WLTP values remain for calculations.
If you lease or order a company car from September onwards, you may only use the WLTP CO2 emissions for both the tax deduction and the Benefit in Kind. If you order before September 1st, you may also use the NEDC 2.0 code if that is more advantageous. Only the order date is taken into account.
Mobility budget changes
In the first pillar of the mobility budget, the CO2 ceiling will rise from 95 to 120 g/km as of September 1, 2021. If an employee hands in their car, they benefit from this.
Support for charging stations
The regions are responsible for installing more charging stations, but a number of incentives have also been included in the plan for private individuals and businesses:
- If, as a company, you install charging stations before 31/12/2022 and also make them available to the public (whether for a fee or not), 200% of the costs can be claimed. Between 01/01/2023 and 31/08/2024, 150% is provided for this.
- If you install a charging station at home as a private individual, these costs can be capped at a maximum of € 1.500 be included in the tax system.
The internal combustion engine bears the brunt
From assessment year 2026, the tax deduction for new vehicles purchased after 1 January 2023 will decrease, disappearing completely in 2028. If you purchased your car earlier, the current rules continue to apply.
Plug-in hybrids at 50%
If you purchase a plug-in hybrid after 2023, there is still a maximum deduction of 50%. This scheme applies until at least January 1, 2026.
Tax benefit only for zero-emission company cars
If you purchase a new vehicle after January 1, 2026, only zero-emission vehicles will benefit from a tax advantage. Therefore, only 100% electric company cars will remain 100% tax deductible. For light trucks with a conventional internal combustion engine, the deduction will be limited to 50%.
Calculation of CO2 contribution and VAA unchanged
Nothing changes regarding the current CO2 contribution and the Benefit in Kind.
