Operational car leasing is a popular form of financing for businesses.The lessee can deduct 50% of VAT from invoices for vehicle usage costs.A 100% VAT deduction is possible if the car is used exclusively for business purposes.To deduct 100% of VAT, the vehicle must be registered with the tax authorities using form VAT-26.It is necessary to maintain a vehicle mileage log and create regulations specifying the vehicle’s exclusive use for business.
Source: podatki.gazetaprawna.pl
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.
Latest Posts in "Poland"
- KSeF Simplifies Tax Settlements: Digital Transformation’s Impact on Poland’s Investment Attractiveness
- Launch of open testing for KSeF 2.0 API
- Export Customs Clearance: Required Documents and Key Applications
- Poland Releases KSeF 2.0 Updates
- Proposed VAT Act Amendments: Agricultural Registration, 0% Rate, Inventory Changes, and Group Operation Extensions