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20 May 20

Taxation Guide 2020: Frugality is more important than ever in the New Normal

Company car taxation is both a policy tool and a cash cow. That’s why it’s increasingly important to fleet professionals and to governments. And that’s why you need to stay up to date on the topic by getting your copy of the Fleet Europe Taxation Guide 2020.

If anything, the COVID-19 pandemic has made this topic even more relevant: in economically challenging times, fiscal frugality is of paramount importance.

The world has changed, car taxation will stay

“Many governments have suspended or deferred tax payments, also on car taxation, to help companies with their liquidity problems amid COVID-19. This could mean significant less taxes than before the pandemic. In our view it is therefore likely that car taxes will increase in the near to mid future,” says Dr. Alexander Unfried, Partner Tax at PwC.

Low-emission zones, CO2-based taxes, EV subsidies: all that – and more – will have to be seen through the prism of the coronavirus and the ‘New Normal’ it is generating. For the relevant data on those topics, turn to the 2020 edition of the Fleet Europe Taxation Guide.

Here’s why you need it:

  • Overview and updates on car taxation in 29 countries across Europe
  • Special attention for taxation of corporate cars (Benefit in Kind, CO2, Electric Vehicles)
  • Expert insight on diesel depreciation, NEDC to WLTP implications, proposed fiscal changes, etc.
  • The trend towards a mobility approach increasingly requires in-depth knowledge of local tax rules
  • Specific information on tax breaks and subsidies for the introduction of EVs may inform your policy and benefit your TCO

Produced in conjunction with global accountancy specialists PwC, and sponsored by the B2B partner for car dealers Andex, this overview and update of tax rules relating to corporate mobility across Europe’s many markets is now appearing in its 14th annual edition. Over those years, it has become an increasingly sophisticated and indispensable tool for international vehicle fleet and mobility managers.

As fleet and mobility professionals hardly need reminding, the EU (let alone Europe as a whole) is not at all a unified market when it comes to taxation: each country sets its own rules. The degree to which they vary and the rate at which they change make a one-size-fits-all fiscal approach to cross-European corporate mobility virtually impossible.

What this complex, constantly changing fiscal constellation does require, is a clear, concise, complete and contemporary overview of the rules, as they are and where they are. And that’s exactly what you can expect from the Fleet Europe Taxation Guide 2020.

  • The Guide covers the following 29 countries: Austria, Belgium, Bulgaria, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Netherlands, Norway, Poland, Portugal, Romania, Russia, Slovakia, Slovenia, Spain, Sweden, Switzerland, Turkey, United Kingdom.
  • A useful section includes an overview of the main company car taxation changes that have been implemented in each country compared to last year.
  • The Guide is exclusively available online. The price for the entire Fleet Europe Taxation Guide 2020 is €250 (excl. VAT).
  • Get your copy.

 

Authored by: Benjamin Uyttebroeck