A MOTORBIKE AS COMPANY VEHICLE

The company vehicles haven’t escaped to some unpleasant financial measures. The employer has to base his fiscal deduction on the CO2 discharge of the car. Earlier the costs of a company car could be reduced to 75 per cent, nowadays the per cent will be reduced progressive in proportion to the CO2 discharge. For environmentally friendly cars the deduction will be raised to 80 or 90 per cent. The measure becomes generalized to the complete fleet of cars in April 2008. Further on explains the article why we have to consider a company motorbike instead of a car.

If a motorbike is leased by an employer then count the next fiscal rules/advantages:
The employer receives monthly a leasing bill that’s fiscal deductible for 100 per cent. The paid V.A.T. is also 100 per cent deductible at his V.A.T. notification. Next to this he hasn’t to pay a CO2 tax.

An employee will be taxed on benefits in kind. Two factors are important for the calculation of the benefit:
Kilometers home to work travel: The advantage will be calculated on flat rate kilometers of 5000 a year when your home 25 or less kilometers from work is. Above 25 kilometers the flat rate kilometers will be 7500 a year.
Fiscal hp: The fiscal hp will be linked to a flat rate kilometer rate. If we keep that in mind is the taxable advantage of a motorbike smaller in comparison with a company car, because the fiscal hp of a motorbike is generally lower.

A motorbike as company vehicle is useful because of the fiscal advantages. It’s not recommended to use a motorbike as a private vehicle: the weather isn’t always good, not safe for children, high chance on injuries or death,…
A motorbike as company vehicle is debatable. The fiscal advantages can’t compensate to the disadvantages.

Jan

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