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Belgian Law Published Limiting Deductibility of Costs for Company Vehicles

|Approved Changes|Belgium
Belgium

Belgium published the Law of 25 November 2021 on fiscal and social greening of mobility in the Official Gazette on 3 December 2021. As previously reported, the law phases out the deductibility of costs incurred for company vehicles, especially vehicles with CO2 emissions. This includes that no costs associated with CO2-emitting vehicles will be deductible for vehicles acquired from 1 January 2026, while costs for zero-emission cars will be gradually reduced over several years starting at 95.…

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