Company cars in Belgium: your new taxes

January 2012 marks the beginning of a new calculation of the ‘Benefit in kind’ - the value an employee is calculated to get from a company car. It has a big effect on your taxes. Do you pay taxes in Belgium? Do you have a company car? Read on!

The actual formula can be found here: Arval: Benefit in kind (FR: Avantage de toute nature / NL: Voordeel van alle aard). I simulated this for my own car (Saab 9.3 Cabrio from 2005). It’s clear I need to sell it ASAP. Then I started calculating some other ‘common’ company cars to see what car to buy next. A hybrid? Diesel? Start-stop? So here are some numbers for the ‘cheap’ cars:

 

VVA: goedkope autos

And because you’re right to worry about your company Range Rover:

VVA: dure autos

Conclusions

As far as I understand it, this is for new ànd second-hand cars, bought or leased by a company for a manager or employee. Let’s wait until some accountants come up with new schemes for expensive cars.

In the mean time: what individual wants to buy a Saab Cabrio?

💬 Belgium 🏷 car🏷 company🏷 taxes🏷 finance