{"id":15237,"date":"2023-04-17T15:37:03","date_gmt":"2023-04-17T15:37:03","guid":{"rendered":"https:\/\/www.accountable.de\/deductions\/parking\/"},"modified":"2023-04-17T15:37:03","modified_gmt":"2023-04-17T15:37:03","slug":"parking","status":"publish","type":"deduction","link":"https:\/\/www.accountable.de\/en\/deductions\/parking\/","title":{"rendered":"Deduct your parking costs"},"content":{"rendered":"\n<p class=\"font-inter text-base leading-relaxed mb-4 first-of-type:mt-0 text-black wp-block-paragraph\">Your parking costs as a self-employed person are <strong>tax-deductible<\/strong>. Just as with the purchase or leasing of a company car, the deductibility of parking and parking costs depends on the <strong>CO2 emissions of your company car<\/strong>.<\/p>\n\n\n\n<p class=\"font-inter text-base leading-relaxed mb-4 first-of-type:mt-0 text-black wp-block-paragraph\">\ud83c\udd95 The rules for the deductibility of a company car have recently changed.<\/p>\n\n\n\n<p class=\"font-inter text-base leading-relaxed mb-4 first-of-type:mt-0 text-black wp-block-paragraph\">If you bought your car <strong>before 1 July 2023<\/strong>, the general deductibility for car expenses is as follows: <br><br><strong>120% \u2013 (0.5 x coefficient x grams\/km of CO2)<\/strong><\/p>\n\n\n\n<p class=\"font-inter text-base leading-relaxed mb-4 first-of-type:mt-0 text-black wp-block-paragraph\"><em>The coefficient is 0.9 for natural gas, 0.95 for petrol and 1 for diesel.<\/em><\/p>\n\n\n\n<p class=\"font-inter text-base leading-relaxed mb-4 first-of-type:mt-0 text-black wp-block-paragraph\">If you bought or started leasing your company car <strong>between 1 July 2023 and 31 December 2025<\/strong>, the formula above still applies. The big difference the purchase date makes is that the tax deductibility decreases considerably over the years. You can read all about it in <a class=\"font-inter text-purple underline underline-offset-1\" href=\"https:\/\/www.accountable.eu\/en-be\/blog\/tax-deductibility-car\/\">this article<\/a>.<\/p>\n\n\n\n<p class=\"font-inter text-base leading-relaxed mb-4 first-of-type:mt-0 text-black wp-block-paragraph\">Buying or leasing a company car <strong>this year (2026)<\/strong>? Then fixed maximum deduction rates apply: <strong>electric cars are 100% deductible<\/strong> (still until 2027), <strong>plug-in hybrids between 75% and 100%<\/strong> (depending on CO\u2082 emissions) and <strong>light commercial vehicles 100%<\/strong>. Cars running on <strong>petrol, diesel or LPG are no longer tax-deductible<\/strong>. Read all about it in <a class=\"font-inter text-purple underline underline-offset-1\" href=\"https:\/\/www.deductibles.be\/car\">our article on car expenses<\/a>.<\/p>\n\n\n\n<h2 id=\"tax-deductibility-of-parking-costs\" class=\"wp-block-heading font-degular scroll-mt-32\">Tax deductibility of parking costs<\/h2>\n\n\n\n<p class=\"font-inter text-base leading-relaxed mb-4 first-of-type:mt-0 text-black wp-block-paragraph\">Parking and parking costs therefore enjoy <strong>the same rate of deductibility<\/strong> as your company car and <a class=\"font-inter text-purple underline underline-offset-1\" href=\"https:\/\/www.deductibles.be\/car-accessories\">other car expenses<\/a>.<\/p>\n\n\n\n<p class=\"font-inter text-base leading-relaxed mb-4 first-of-type:mt-0 text-black wp-block-paragraph\">An example:<\/p>\n\n\n\n<p class=\"font-inter text-base leading-relaxed mb-4 first-of-type:mt-0 text-black wp-block-paragraph\">Early this year (2026) you bought a plug-in hybrid with a tax deductibility of 80% (depending on CO\u2082 emissions). You use this company car 100% for professional purposes. <strong>Your parking costs can then also be deducted at 80%, just like your car.<\/strong><\/p>\n\n\n\n<p class=\"font-inter text-base leading-relaxed mb-4 first-of-type:mt-0 text-black wp-block-paragraph\">\u26a0\ufe0f Note that the purchase of a company car is depreciated. This means you deduct a percentage of the total purchase amount every year. Did you buy a fossil-fuel or hybrid car between 1 July 2023 and 31 December 2025? Then the maximum deductibility is limited to 50% this year (2026), 25% in 2027, and from 2028 no deduction is possible any more.<\/p>\n\n\n\n<p class=\"font-inter text-base leading-relaxed mb-4 first-of-type:mt-0 text-black wp-block-paragraph\">\ud83d\udca1You can find more information about this decreasing deductibility <a class=\"font-inter text-purple underline underline-offset-1\" href=\"https:\/\/www.accountable.eu\/en-be\/blog\/tax-deductibility-car\/\">here<\/a>.<\/p>\n\n\n\n<h3 id=\"100-deductible-parking-costs\" class=\"wp-block-heading font-degular scroll-mt-32\">100% deductible parking costs<\/h3>\n\n\n\n<p class=\"font-inter text-base leading-relaxed mb-4 first-of-type:mt-0 text-black wp-block-paragraph\">If you reserve a <strong>special parking space for suppliers and clients<\/strong>, you can deduct it at 100%.<\/p>\n\n\n\n<p class=\"font-inter text-base leading-relaxed mb-4 first-of-type:mt-0 text-black wp-block-paragraph\">Likewise, if you <strong>reserve a parking space for your staff<\/strong>, you can deduct this parking cost at 100%, provided the car belongs to the staff member. If your staff member has a company car, you deduct the cost based on the car\u2019s CO2 emissions.<\/p>\n\n\n\n<p class=\"font-inter text-base leading-relaxed mb-4 first-of-type:mt-0 text-black wp-block-paragraph\">\ud83d\udca1<strong>Did you know that a parking fine is 100% deductible? A parking fine is actually a retribution (fee), not a real fine.<\/strong><\/p>\n\n\n\n<h2 id=\"vat-on-parking-costs\" class=\"wp-block-heading font-degular scroll-mt-32\">VAT on parking costs<\/h2>\n\n\n\n<p class=\"font-inter text-base leading-relaxed mb-4 first-of-type:mt-0 text-black wp-block-paragraph\">But what exactly about VAT on parking? Depending on where you park, the VAT rules for parking costs differ.<\/p>\n\n\n\n<p class=\"font-inter text-base leading-relaxed mb-4 first-of-type:mt-0 text-black wp-block-paragraph\">If you park on public property in Belgium, you pay <strong>no VAT on the parking costs<\/strong>, because the parking cost is a kind of tax levied by the city or municipality where you park. Antwerp is an exception: there you do pay VAT on your parking ticket.<\/p>\n\n\n\n<p class=\"font-inter text-base leading-relaxed mb-4 first-of-type:mt-0 text-black wp-block-paragraph\">If you park privately, for example in an underground car park run by a private company, you also pay <strong>21% on your parking ticket<\/strong>.<\/p>\n\n\n\n<p class=\"font-inter text-base leading-relaxed mb-4 first-of-type:mt-0 text-black wp-block-paragraph\">So, is the VAT on parking costs tax-deductible? If you park on private property (e.g. in an underground car park) and VAT is charged on your parking ticket, then yes.<\/p>\n","protected":false},"featured_media":0,"template":"","deduction_tag":[549],"class_list":["post-15237","deduction","type-deduction","status-publish","hentry","deduction_tag-vehicle"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Deduct your parking costs | Accountable<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.accountable.de\/en\/deductions\/parking\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Deduct your parking costs | Accountable\" \/>\n<meta property=\"og:description\" content=\"Your parking costs as a self-employed person are tax-deductible. 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