Skip to the content

Benefits in kind (2020)

Interest rate on current account

Year of disposal Reference rate
2017 8,78%
2018 8,94%
2019 8,78%

Personal use of a company car

Catalogue value(*) x [5,5 + 0,1 x (CO2 emission - 91 (diesel) or 111 (petrol))](**)/100 x 6/7 = benefit in kind (***)
17% (40% if intervention of the employer in the fuel expenses) of the benefit in kind before deduction of an eventual contribution of the employee for the private use of the car must be recorded in disallowed expenses for corporate income tax purposes (minimum tax base).

(*) Catalogue value = catalogue price of the vehicle in new condition upon sale to a private person, including options and actually paid VAT, without taking any discounts, reductions, rebates or refunds into account. 
(**) Max 18/min 4.

(***) Minimum €1.360.

Connect with us

Jos Goubert

Tax Knowledge Dept.

Share this


Related articles