Can Cars Be Used for Tax Deduction?

[DiCorey]

Generally speaking, if the purchased car is entirely used for business purposes, it can usually be deducted. Below is additional information: Original VAT: The input tax of motorcycles, cars, and yachts subject to consumption tax that are used by original VAT general taxpayers can be deducted from the output tax. VAT Deduction: If the invoice is a unified motor vehicle sales invoice, it cannot be used for VAT deduction. It must be exchanged for a special VAT invoice and certified before it can be deducted. For VAT deduction on fixed assets, if the purchased car is not within the scope of consumption tax and is used for production and operation, it is allowed to be deducted. Ask the seller to issue a special VAT invoice (the seller should be a general taxpayer), which carries a 17% VAT rate. Then, take it to the national tax bureau for certification and deduction.