OrbitaxOrbitax

Belgian Parliament Approves Bill Limiting Deductibility of Costs for Company Vehicles

|Approved Changes|Belgium
Belgium

On 10 November 2021, the Belgian parliament approved the bill that phases out the deductibility of costs incurred for company vehicles, especially vehicles with CO2 emissions. As previously reported, the measures include the following:

  • The deduction of fuel costs for hybrid vehicles will be limited to 50% for vehicles purchased, leased, or rented (acquired) from 1 January 2023, while charging …

Continue Reading