• Benefit in kind company car: CO2 emission reference for 2017

Benefit in kind company car: CO2 emission reference for 2017

05 December 2016

The CO2 emission reference applying in 2017 for the calculation of the benefit in kind for the private use of a company car by company directors and employees has been published in the Belgian State Gazette of 5 December 2016.

CO2 emission reference for 2016 and 2017

The following CO2 emission reference applies:

For income year 2017 the CO2 emission reference has been determined at:

  • Petrol, LPG, or natural gas cars: 105 g/km
  • Diesel cars: 87 g/km

For income year 2016, the  CO2 emission reference had already been determined at:

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

How to calculate the benefit in kind?

Principle

The benefit in kind for the private use of a company car is calculated based on the gross list price of the vehicle and the CO2 emissions.

A fraction of 6/7 of this list price is to be multiplied by a coefficient, depending 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 fueled car. Per additional gram CO2/km more or less this coefficient is increased or decreased by 0.1%. The coefficient will never be less than 4% or more than 18%.

The CO2 emission reference is determined annually by Royal Decree.

Age of the vehicle

The catalogue value is adapted based on the age of the vehicle. The catalogue value will then be decreased by 6% per year, but will never be 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 new vehicles acquired, taking into account the number of months elapsed since the registration at the vehicle registration service.

Minimum amount

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

  • 2017: € 1,280
  • 2016: € 1,260
  • 2015: € 1,250