Discover all relevant information about your project here.
After the federal government limited the increase in tax for fossil company cars to a few euros this year, the blow will probably be twice as hard next year. Anyone who still drives on petrol or diesel will face a tax increase of ‘up to more than 40 percent’.
This is evident from analyzes made by both the consultant EY and the leasing company Arval, now that the calculation method for the tax on company cars has been determined not only for this year but also for the coming years.
- After the artificial limitation of the increase in the tax on fossil company cars, a significant increase is still likely to occur next year.
- According to an analysis by the consultant EY, the tax on benefits in kind for many fossil company cars will increase by 30 to 40 percent.
- The leasing company Arval is counting on an increase of up to 33 percent.
- However, the number of people with a fossil company car will have fallen by almost half to 250,000 next year.
To calculate how much tax company car drivers have to pay on that extra-legal benefit, the list price, the age of the car and the CO2 emissions are taken into account, among other things. These CO2 emissions are compared to the average emissions of newly registered cars in the previous year. The lower the emissions of the new cars, the higher the tax on commercial vehicles with a combustion engine.
Because the electrification of car sales will continue this year and may even accelerate, next year there is the threat of an extra heavy tax increase for commercial vehicle drivers who still drive a petrol or diesel car.
A predictive analysis by the consultant EY shows that average emissions from new cars will fall by 30 to 40 percent. “As a result, someone with a BMW For diesels, the extra tax – for a BMW X3 – can amount to 700 euros per year.
‘In our most conservative scenario – which leads to a 30 percent lower emission – we have assumed that the increase in sales of electric cars will continue at the same pace as last year. And in this case we assume that electrification is still somewhat slower among self-employed people and sole proprietorships than in medium-sized and large companies,” says Serruys.
A 40 percent reduction in emissions, which will be accompanied by a higher increase in the tax on benefits in kind, will become apparent if self-employed people and sole proprietorships switch to e-cars more quickly than before and if electrification continues to accelerate in companies. gets extra impetus.
Early signs from the market this year point to such an acceleration. BMW, which is the best-selling brand in Belgium and also dominates the commercial vehicle market, already announced that e-cars made up 80 percent of new vehicle orders at the end of last year.
The leasing company Arval also made a forecast for average emissions and therefore the tax on benefits in kind for next year. The second largest leasing company in the country bases this on the orders for new cars it receives.
“Eight in ten new commercial vehicles ordered from us is an electric car,” says Yves Ceurstemont, head of Arval’s consultancy department. ‘And if you know that the delivery times of new cars have now been normalized and that many brands now have significant stocks, you can conclude that the cars that are now ordered will certainly count towards the new calculation of the CO2 coefficient. .’
This leads Arval’s figures to the conclusion that the tax on company cars for users could increase by 33 percent next year. “The bitter pill that threatened to have to be swallowed this year has been postponed to next year,” said Ceurstemont.
It is expected that significantly fewer company car drivers will be affected by the tax increase next year. This is because many people who currently drive a petrol or diesel car are trading in this year for a fully electric car. While more than half a million Belgians currently drive a fossil company car, that number will probably be almost halved by the end of this year.