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You want to allow your employees to exchange their company car for a mobility allowance? So you can! The act introducing the mobility allowance has finally been published.
Your employee exchanges his company car for a mobility allowance, hence cash for car. This cash payment is subject to an advantageous tax and social security treatment.
As an employer, you can choose whether or not you want to introduce a mobility allowance system in your company. The condition for this, however, is that you have already been providing company cars for private use for three years. It is up to you whether you offer this option to all employees with a company car or only to a specific group
Your employee then chooses whether or not to exchange his company car. In other words, you cannot oblige him to do so. An additional condition for your employee is that he has had a company car at his disposal for twelve months in the past three years, of which at least three months must be before the exchange application.
The mobility allowance is calculated as follows: list price of the exchanged company car x 20% x 6/7.
Will you bear all or part of the cost of fuel? In that case, the percentage is 24%. Did your employee pay a personal contribution for the company car? In that case, the amount of the mobility allowance will decrease.
You will pay a solidarity contribution on the amount of the mobility allowance that is equal to the amount of the solidarity contribution of the exchanged company car.
Your employee will pay taxes on a part of the mobility allowance calculated according to the following formula: list price x 6/7 x 4% (with a minimum of €1,310 in 2018). The remaining part of the mobility allowance is exempt from tax.
Earlier this year, the government reached an agreement on the mobility budget. For more information read our infoflash of 21 March 2018. Partena is closely monitoring this measure and will inform you as soon as more details are known.
Source: Act of 30 March regarding the introduction of a mobility allowance, Belgian Official Gazette of 7 May 2018.
Author: Peggy Criel
15/05/2018
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