Reform regarding the update of the benefit in kind for company cars
Reform regarding the update of the benefit in kind for company cars
This adaptation concerns company cars owned by the employer or leased by the employer and made available, at least partially, for non-business purposes by the employer to the employee.
As a reminder, until the 2017 tax reform, a single rate of 1.5% was applied to the new value of the car (including VAT) to determine the taxable benefit in kind. Since 2017, the percentage of the benefit in kind depends on the type of engine and the CO2 emissions. Since 2020, the benefit in kind is calculated on the basis of the WLTP (World Harmonised Light Vehicle Test Procedure) values.