In addition to the ‘Cash-for-Car’ Regulation, the Belgian government implemented the law on the introduction of a Mobility Budget, which enters into force the 1st of March 2019. The main difference with ‘Cash-for-Car’ is that the employee is given the possibility to keep their company car. Principle The mobility budget is a budget calculated on the basis of the total annual c ...
Cash for Car
Cash for Car: The company car as medium of exchange for a mobility indemnity
On 15 March 2018, the Belgian Parliament finally adopted the draft bill which allows the employee, if they wish, to exchange their company car for a cash amount; a so-called mobility indemnity (‘Cash for Car’).
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