Belgium Gazettes Royal Decree Implementing Individual Income Tax Exemption for Bicycle Mileage Allowance

The Belgian Official Gazette April 15 published Royal Decree No. C-2024/003289, implementing the employer-provided bicycle mileage allowances for commuting between home and office, to ensure an effective mileage allowance rate of 0.35 euros (US$0.37) per kilometer. The decree includes measures: 1) implementing an individual income tax exemption for the bicycle mileage allowance at a rate of 0.18 euros (US$0.19) per kilometer for income allocated from Jan. 1, 2024; 2) applying the exempt kilometer allowance of 0.18 euros per kilometer for tax year 2025; 3) adjusting the indexed amount to align with the new exemption for 2024 income; 4) implementing the ...