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Post by account_disabled on Dec 4, 2023 2:02:27 GMT -8
It is therefore not surprising that business owners want to include as many related expenses as possible in their tax deductible costs. When purchasing a vehicle, entrepreneurs have the right to make depreciation deductions, which can be included in tax deductible costs. The same principle applies to leasing contracts or other contracts of a similar nature, except that the cost in this case will be monthly fees. The legislator introduced restrictions on the recognition of depreciation and leasing installments as costs. Starting from , the limits are to change again and we will write about it in today's publication. Passenger car spending limits Starting from ,have changed. This topic has photo editing servies been covered many times in our articles. The Ministry of Finance even issued tax explanations on this subject. As a reminder, here are the limits for depreciation and leasing fees Type of passenger car Limits on depreciation deductions Limits on fees arising from leasing, rental, tenancy or other similar contracts A passenger car with a combustion engine , , A passenger car that is an electric or hydrogen-powered vehicle , , The limits given in the table refer to the value of the vehicle, which is specified on the purchase document.
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