Luxembourg Gazettes Regulation Modifying Rates on Benefits in Kind for Cars With Low CO2 Emissions

The Luxembourgish Official Gazette May 17 published a regulation modifying rates on benefits in kind for company cars with low or zero carbon dioxide (CO2) emissions. The regulation includes measures: 1) providing a 0.5 percent tax rate for pure electric cars whose electrical energy consumption doesn’t exceed 200 watt-hours/kilometer and the maximum net power of the propulsion system is less than or equal to 150 kilowatts; and 2) providing a 0.6 percent tax rate for pure electric cars that don’t meet the listed conditions. The regulation took effect Jan. 1, 2022. [Luxembourg, Government Legal Database, 05/17/23]

Reference: View Regulation, Official ...