Performance improvement and consequences

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The purchase of a company car, as we already know, involves the possibility of paying VAT on its daily us on the purchase of fuel or other current costs). According to Polish law, a company car may be settled at the following rates: 50% tax deduction - if the car is used for professional and private purposes. 100% full tax deduction - if the car is used exclusively for company purposes. When choosing the latter option.

The entrepreneur must meet additional conditions: register a company car at the tax office on form VAT-26, create regulations for the use of a car in the company, keep detailed records of vehicle mileage. Failure to complete phone number list all formalities related to car settlement may result in exposure to a fine from the Tax Office. Keeping vehicle mileage records - is it necessary? If an employee uses a private car for company use, he or she may apply for reimbursement of operating costs.



Which are calculated on the basis of mileag. the rate per 1 km of mileage. The vehicle mileage records should also include information about the routes taken in order to be able to later deduct operating expenses (20%) and VAT . As previously mentioned, an entrepreneur is subject to a fixed limit on expenses related to the operation of a private car - 20%. For the entrepreneur's private cars, it is not obligatory.