WLTP: What to know about the new car consumption test

Posted May 27th, 2018 in Benefits, Corporation, Human resources, NGO by Louise

The WLTP (Worldwide Harmonized Light Vehicles Test Procedure) is a new compulsory test procedure for cars, which will lead to an overall increase in a car’s carbon emission value. This will have a knock on effect on the circulation tax, the calculation of the benefit in kind, the deductibility of cars expenses from corporate income tax and the carbon solidarity contribution. Read more about the WLTP (Only available in FR and NL).


Source: SD Worx

 

“Cash for car” allowance now available

Posted May 16th, 2018 in Benefits, Corporation, Human resources, NGO by Caroline

The law introducing the mobility (or cash for car) allowance came into force in May 2018.

Employees with a company car that they can also use for private use can now give it back and get paid more instead without this income being treated by the tax and social security authorities as regular salary. The mobility allowance is calculated on the basis of the returned vehicle’s catalogue value and benefits from a favourable fiscal and social regime.

Read more about mobility allowance (Only available in FR and NL).


Source: SD Worx

Introduction of a profit-share bonus

Posted March 8th, 2018 in Benefits, Corporation, Human resources, NGO by Caroline

Since 1st January 2018, employees can benefit from a new profit-share bonus which has attractive tax conditions as long as the rules are followed. Read more about this new bonus in profits (Only available in FR and NL).


Source: SD Worx