Electric vehicles for companies.

19.10.2022

If you have an electric vehicle in your company, the value of which does not exceed 80 thousand euros, you can now claim the right to a VAT deduction - regardless of what activity you perform. The deduction also applies to maintenance services and the purchase of spare parts.

On January 1, 2022, an amendment to the VAT Act entered into force, which enforces the right of companies to deduct VAT when purchasing motor vehicles. According to the amendment to the law, it does not matter what activity the vehicle is used for. The following conditions must be met:

1. the motor vehicle is carbon dioxide-free (this applies to battery electric vehicles, but not to plug-in hybrids)

2. the value of the motor vehicle, including calculated VAT and other duties, does not exceed 80 thousand euros

Financial benefits for companies when purchasing an electric vehicle include a 40% investment allowance for investments in the digital and green transition and a zero credit rating.