The summer accord 2017

You have no doubt read and heard a lot about the summer accord on the reform of corporate income tax on which the federal government reached agreement on 26 July. This reform consists of a number of adjustments to corporate income tax spread over two phases.

We examine a selection of the most important adjustments.

Cash for company car from 2018?

The mobility budget based on the ‘cash for cars’ principle comes into effect on 1 January 2018. The Michel government is introducing the scheme as a way of reducing the number of company cars on the road. At the end of last year, SD Worx reported that 17% of Belgian employees have a company car. Some feel that they are one of the main causes of congestion in Belgium.