Purchasing a vehicle through a company can have different tax implications depending on the type of vehicle, how it will be used and the applicable tax framework.
Before proceeding with the purchase, it is important to consider not only the price of the vehicle, but also the tax impact it may have on the company. Key aspects to assess include VAT deductibility, autonomous taxation and the tax treatment applicable to different types of vehicles.
The rules may vary between passenger vehicles, electric vehicles and plug-in hybrids, meaning that two options with similar purchase prices may result in significantly different tax costs for the company.
A prior assessment makes it easier to understand the associated costs, anticipate the tax impact of the purchase and make a more informed decision based on the circumstances and needs of the business.
At Aldeia Fiscal, we assess the tax framework applicable to the purchase and help identify the main factors to consider before moving forward.
Thinking about purchasing a vehicle through your company? Contact us and let us help you assess the tax implications of your decision.
