Belgian Parliament Considering Bill Limiting Deductibility of Costs for Company Vehicles

The Belgian parliament is considering a draft bill that would phase out the deductibility of costs incurred for company vehicles, especially vehicles with CO2 emissions. 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 costs would remain 100% deductible…