Introduction to the Tax Deductibility of Cars in Belgium in 2023

In 2023, Belgium is making some important changes to the tax deductibility of cars that will impact businesses and individuals who use vehicles for business purposes. The changes include the introduction of tax incentives for hybrid vehicles, the installation of charging points in companies, and updates to the deductions available for hybrid and combustion engine cars. In this article, we'll explore these changes and explain how they will impact the tax deductibility of cars in Belgium in 2023.

Hybrids Available for Tax Deductibility from 1 January 2023

Starting on 1 January 2023, hybrid vehicles will become eligible for tax deductibility in Belgium. This change is designed to encourage the use of environmentally friendly vehicles and reduce carbon emissions. Businesses and individuals who use hybrid vehicles for business purposes will be able to claim a portion of their car expenses as a tax deduction.

Charging Points Installed in Companies from 1 January 2023

In order to support the increased use of electric and hybrid vehicles, the Belgian government is also requiring companies to install charging points for employees who use these vehicles for business purposes. These charging points must be in place by 1 January 2023. Companies that fail to comply with this requirement may be subject to penalties.

Hybrid and Combustion Engine Cars Eligible for Tax Deductibility from 1 July 2023

Starting on 1 July 2023, hybrid and combustion engine cars will become eligible for tax deductibility in Belgium. This change is designed to provide greater flexibility for businesses and individuals who use cars for business purposes. While the tax incentives for hybrid vehicles will still be available, businesses and individuals who use combustion engine cars will also be able to claim a portion of their car expenses as a tax deduction.

Conclusion

The tax deductibility of cars in Belgium is changing in 2023, with important updates to the incentives available for hybrid vehicles, the installation of charging points in companies, and the eligibility requirements for hybrid and combustion engine cars. By staying informed about these changes and taking advantage of the tax incentives available, businesses and individuals can reduce their tax liabilities and support the transition to a more environmentally friendly transportation system.