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
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1 comment:

  1. Aaaaccounting3:29 PM

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