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;
- No costs associated with CO2-emitting vehicles will be deductible for vehicles acquired from 1 Jan…