VAT For Car Purchases, Fuel Expenses Will Be Tax Deductible Up To 50%

11.12.2011 By Radu Bostan

Romanian companies will again be able starting next year, after a three-year ban, to deduct fuel expenses for vehicles with nine or fewer seats, destined exclusively for passenger transport, as well as the VAT from car purchases, but only up to 50%.

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Keywords:
VAT
, DEDUCT
, PROFIT TAX
, AUTOMOBILE