New reporting obligation since the income year 2024
From the income year 2024, employers who provide bicycles to their employees or company managers must report the value of this benefit on the tax form.
This reporting was already required when no commuting trips were made with a bicycle, but it is now also necessary if commuting trips are indeed made with the bicycle.
Read more: “Benefit of company bicycle must now be reported on tax form”
Read more: “Reimbursement of transport costs/bicycle”
Why is this important?
This ensures that the tax authorities have the correct data to properly tax the benefit for employees and company managers who choose to deduct actual professional expenses in their personal tax returns.
If your employee opts for the flat-rate professional expenses in their personal tax return, then this benefit is not taxed.
All forms of bicycles made available
The obligation to report the benefit of the bicycle on the tax form applies to all bicycles that you, as an employer, provide to your employee or company manager. This also includes bicycles under cash4bike or a cafeteria plan.
What information do you need to provide to Securex?
Are you providing a bicycle to your employees or company managers? And are they using it for commuting trips? Then it is important that you inform us as soon as possible, preferably before 31 October 2025, of the actual value of the benefit (if you have not done so already).
How can Securex assist you?
Do you need assistance with the valuation of this benefit? Or do you want more general information about bicycle leasing? Our Consulting Legal team is ready to assist you: consultinglegal@securex.be
