KS CHIA TAX & ACCOUNTING BLOG: SUGGESTED TAX CODE FOR MOTOR VEHICLE

Wednesday, November 23, 2016

SUGGESTED TAX CODE FOR MOTOR VEHICLE

Type of accounts	Commercial	Passenger
Balance sheet
Motor vehicles	TX	BL

Income statement
Battery – Hybrid car	-	TX*
Hire of motor vehicle	TX	BL
Insurance	TX	TX*
Inspection fee	TX	TX**
Parking	TX	TX*
Petrol – RON 97	TX	TX*
Repair, maintenance and refurbishment	TX	BL

Source:

* Technical Committee For GST Implementation (TC-GST Imp) Minutes of Meeting No. 5/2015

** Confirmed during "Half-Day Talk: Updates On GST" on 14 November 2016

1 comment:

Aaaaccounting3:29 PM
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Tax Consultants in Barking
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