- 50% flat-rate VAT deduction for vehicles used for both business and non-business purposes from Jan. 1, 2026, to June 1, 2028.
- Non-deductible VAT must be included in accounting acquisition costs but excluded from the corporate income tax base.
- Full VAT deduction allowed only for vehicles used exclusively for business, with strict electronic recordkeeping and notification requirements.
- Rules also apply to related goods and services, such as fuel and repairs, with detailed compliance examples provided.
Source: news.bloombergtax.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.
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