• BENEFIT IN KIND COMPANY CAR: CO2 EMISSION REFERENCE FOR 2016

BENEFIT IN KIND COMPANY CAR: CO2 EMISSION REFERENCE FOR 2016

22 December 2015

The CO2 emission reference applying in 2016 for the calculation of the benefit in kind of the private use of a company car by company directors and employees has been published in the Belgian Official Journal.

Regulation since 1 January 2012

Since 1 January 2012, the benefit in kind for the private use of a company car is calculated based on the gross list price of the car and the CO2emissions.

A fraction of 6/7 of this list price is to be multiplied by a coefficient dependent on the CO2 emissions of the vehicle. The coefficient is determined at 5.5% in case of CO2 emissions of initially 95 g/km for a diesel car and 115 g/km for a gasoline fuelled car. Per additional gram CO2/km more or less this coefficient is increased or decreased by 0.1% (however, without amounting to less than 4% or more than 18%).

The CO2 emission reference is modified on an annual basis by means of a royal decree.

Since 1 May 2012, a correction the catalogue value is adapted based on the age of the vehicle. The catalogue value will then be decreased by 6% per year, but without being less than 70%:

  • 0-12 months: 100%
  • 3-24 months: 94%
  • 25-36 months: 88%
  • 37-48 months: 82%
  • 49-60 months: 76%
  • Over 61 months: 70% .

This correction aims at both second hand vehicles and vehicles acquired in a new state, taking into account the number of months elapsed since the registration at the vehicle registration service.

The benefit in kind shall never be less than a certain minimum amount:

  • 2012: € 1,200
  • 2013: € 1,230
  • 2014: € 1,250
  • 2015: € 1,250
  • 2016: € 1,260

CO2 emission reference for 2015 and 2016

The following CO2 emission references apply:

2015 (assessment year 2016):

  • Petrol, LPG, or natural gas cars: 110 g/km
  • Diesel cars: 91 g/km

2016 (assessment year 2017):

  • Petrol, LPG, or natural gas cars: 107 g/km
  • Diesel cars: 89 g/km