Employer provided vehicle
By Evan Robinson · Updated
How is taxation calculated on employer provided vehicle? Should it be taxed monthly or do you calculate it when you submit your income tax return?
Can you deduct fuel cost? Should a logbook be maintained?
A logbook must always be maintained which will allow you to deduct the business portion of travel and the vehicle-related expenses you mention.
Employer provided vehicles are calculated at 3.25% of the value of the car (including VAT) per month if a maintenance plan is kept or 3.5% if no plan.
Employer provided vehicles are calculated at 3.25% of the value of the car (including VAT) per month if a maintenance plan is kept or 3.5% if no plan.