VATupdate

Share this post on

VAT Exemption for Vehicle Assignments from Employers to Employees: TEAC Ruling.

  • The Tax Court adopts the criteria of a Supreme Court ruling from January 29, 2024 regarding the transfer of vehicles by a business owner or professional to their employees
  • The ruling states that if a business owner allows an employee to use a vehicle for personal use without payment or reduction in salary, and the use of the vehicle is not tied to any other benefits, it is not subject to VAT.

Source: audiconsultores-etlglobal.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

Sponsors:

VAT news

Advertisements:

  • VATupdate.com