Since 2017, the company car benefit in kind is calculated based on the motorisation and CO2 emission of the car, currently measured according to the NEDC1 standard.
As from 1st March 2020, NEDC standard will give way to the new WLTP2 pollution standard, which is intended to allow a more precise and realistic measurement of CO2 emissions.
This new standard may lead to a revaluation of the company car benefit in kind as of 2021.
The tax administration recently issued a circular3 to clarify the practical implementation of this new standard and its implications on the calculation of the company car benefit in kind. We summarized them in the spreadsheet below:
* Based on the certificate of conformity which, in principle, has to mention this new WLTP standard.
1 New European Driving Cycle.
2 Worldwide Harmonized Light Vehicle Test Procedure.
3 Circular L.I.R. n° 104/1bis of 04.02.2020.