The program law of 27 december 2004 has introduced a CO2 tax on company cars, that are also used for private purposes. Since 1 january 2005 this tax was imposed and as of 1 January 2006 the monthly contributions will be indexed for the first time. To calculate the monthly contributions, there is used a different formula for each type of fuel (petrol, diesel, electric, LPG), but the indexed minimum contribution is 21.30 euro. The factor of indexation that will be used in the different formula is 1.0225.

This entry was posted on Thursday, December 29th, 2005 at 8:37 am and is filed under Belgium, VAT & Duties. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.