In this month's Autoreview, an article about the two options for business drivers: tax addition or mileage registration . With an explanation of the pros and cons.
Every January, business drivers can choose to add tax to their car's new value or limit their private mileage to 500 kilometers. In the latter case, you'll need to have your paperwork in order. Think carefully before you jump, because the 2018 decision is fixed for the entire year.
With a scaled-back tax reduction scheme on the taxable benefit (4 percent for electric vehicles, 22 percent for the rest), it stands to reason that many business drivers will consider foregoing the taxable benefit before 2018 and opt for the 500 tax-free kilometers allowed by the Tax Authorities. If you choose mileage logging, you will have to accurately record every single trip…
The Tax Authorities apply strict rules that are not easy to comply with with a notepad and pen.
Read the full article now in the December edition of Autoreview.
