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Various amendments to the Income Tax Code (AR/CIR92): company car tax deduction, childcare tax credit, tax shelter

Various amendments to the Income Tax Code (AR/CIR92): company car tax deduction, childcare tax credit, tax shelter

August 2023 - On 5 August 2023, the new RD containing various provisions amending AR/CIR92 came into force. We list some important changes for you.

Transitional period tax deduction for company cars

From the assessment year 2026, a phase-out period will apply to company cars purchased, leased or rented between 1 July 2023 and 31 December 2025, while maintaining the existing tax deduction rules for company cars purchased, leased or rented before 1 July 2023 ("grandfathering" clause).

Tax relief for childcare

AR/CIR92 regulates some aspects of the certificates issued for childcare tax relief, and the RD miscellaneous provisions provide the correct reference to the legislation.

Tax shelter scheme for audiovisual works, performing arts and gaming

A new procedure for suspension and withdrawal of recognition as an eligible production company applies to this scheme. This did not reinstate the old procedure of suspension and revocation of eligible intermediaries.

The new RD rectifies this and reinserts the previously existing procedure for suspension and revocation of recognition as an eligible intermediary.

Tax shelter scheme for audiovisual works, performing arts and gaming

A new procedure for suspension and withdrawal of recognition as an eligible production company applied to this scheme. In doing so, the old procedure of suspension and revocation of eligible intermediaries was not reinstated.

The new RD rectifies this and reinserts the previously existing procedure for suspension and revocation of recognition as an eligible intermediary.

Also:

- Since the assessment year 2022, a tax credit for increasing the flat-rate mileage allowance for service travel can be granted.

- The articles referring to the residency tax and the tax credit for energy-saving expenditure are abolished.

- For determining property income from abroad, since the assessment year 2022, the division into a component (a) for property located in Belgium and a component (b) for property located abroad no longer applies.


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