In the case of passenger cars this right is often limited. Namely if the entrepreneur also uses the car for private purposes he has the right to deduct % of VAT. Additionally if the taxpayer uses a motor vehicle in business activities for tax-exempt activities the deduction amount should also take into account the proportion. More information on calculating the VAT proportion ratio can be obtained in the linked publication. If the entrepreneur decides to use a passenger car only in his business.
Activity then after submitting the VAT- notification to the head of the vehicle mileage records have the right to philippines photo editor deduct % of VAT on passenger cars. When do we talk about changing the purpose of a passenger car or adjusting VAT? The VAT Act clearly describes when the purpose of a motor vehicle changes If a passenger car was used exclusively for business purposes and there is a change in its use for business and non-business purposes the car will be used for mixed purposes.
For business and private purposes. If the passenger car was used in a mixed manner and after the change it will be used only for business activities. In the first case the entrepreneur is obliged to correct the input VAT deducted upon the purchase import or production of this vehicle. Has obligation to make such a correction. In the second case the entrepreneur acquires the right to adjust the amount input tax deducted upon purchase import or production of this vehicle.
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