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On the input VAT deduction limit for passenger cars from 01.01.2016

December 21, 2015   •  12:49    •   Category: News

With the amendments to the VAT Law, in the second paragraph of the section 100 the number " 20" is replaced by the figure " 50". Thereby, 50% shall not be deductible from the tax as input tax from the tax amount to be paid into the State budget for an acquired, leased or imported passenger car the number of seats of which, not including the driver’s seat, does not exceed eight seats, as well as the costs related to the maintenance of such car, including expenses for repair of the car and purchase of fuel.