On Budget Day this year, the government presented the budgets and fiscal legislative bills for 2021. The most important tax measures that will affect you as a fleet manager or driver are summarised below.
Additional tax liability for electric vehicles
The government has announced plans to increase the additional tax liability for fully electric vehicles registered in 2021. The new tax rate will be 12% of the suggested retail price for vehicles under € 40,000. Vehicles priced at over € 40,000 will be taxed at 12% for the first € 40,000, then 22% for the amount over € 40,000. If your vehicle was registered in 2020, then your tax rate is 8% up to a suggested retail price of € 45,000. This low additional tax liability is valid for a period of 60 months from your vehicle’s first date of registration.
If you have a hydrogen-powered car, then the low additional tax liability applies to the entire suggested retail price, without a limit of € 40,000. Solar-powered vehicles will also be added to this exemption category in 2021. If the vehicle’s solar panels generate enough power, then the lower additional tax liability will apply to the entire suggested retail price.
Motor vehicle tax exemption and circulation tax
Fully electric vehicles will continue to be exempt from motor vehicle tax (BPM) in 2021. A new motor vehicle tax table has been drawn up to calculate the CO2-dependent sales tax. This table will be adjusted to reflect the current state of technology and the expected sales volumes of the various vehicle segments. A technical adjustment has also been made regarding the moment that the importer must pay the motor vehicle tax.
Fully electric and hydrogen-powered vehicles will be subject to a circulation tax rate of zero in 2021. Plug-in hybrids with maximum CO2 emissions of 50 g/km will be subject to a 50% circulation tax rate.
In conclusion
The Dutch House of Representatives will consider the fiscal legislative proposals this autumn, and the Senate is scheduled to vote on the bills in December. If any changes occur in the meantime, we will of course keep you informed!