What about the additional tax rate in 2020?

What about the taxation in 2020? The additional taxable benefit in 2020 is divided into 2 main categories, the lowest being 8% and the highest 22%. More on that later, let's first explain when exactly you have to pay an additional taxable benefit. An additional taxable benefit must be paid when you buy a car business, but also drive more than 500 kilometres per year privately. The tax authorities then see the car as a wage in kind and think you benefit from this privately. As a result, tax has to be paid, which is called the fiscal addition. A certain percentage is charged (depending on the car / emissions) on the taxable value of the car.

 | Additional taxable value                              Co2 limits | 2020
 | All-electric     | 0                      | 8%
 | Other                           | > 0             | 22%

Please note! For fully electric cars with a tax value above €45,000, the 22% addition rate applies. The 8% addition rate runs up to and including €45,000 and for anything above €45,000 one pays 22%.

The addition rate is determined for 60 months after registration of the vehicle. After the expiry of the 60-month period, the percentage is reassessed on the basis of the addition rules at that time.

A separate category are Youngtimers and Oldtimers (vehicles older than 15 years), here an addition rate of 35% of the daily value of the vehicle applies. 

For tailor-made tax advice, we always advise you to contact one of our advisors.