- The tax authority has issued clarification on VAT deduction rules for electric and plug-in hybrid vehicles.
- Businesses can deduct VAT on these vehicles if they are used for business purposes.
- Specific documentation and usage requirements must be met to qualify for the deduction.
- The clarification aims to support the adoption of environmentally friendly vehicles.
Source: research.ibfd.org
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.
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