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CDA
April 18, 2023
We explain the cases in which you can deduct taxes for the purchase of a car in the 2023 income statement.
Like every year around this time, the vast majority of Spaniards are concerned about doing the statement of income and get them to pay us back as much as possible.
Given this, we are very careful to analyze What kind of expenses can we deduct? or what aid or subsidies we can take advantage of. The acquisition of a vehicle can bring us a pleasant surprise (or quite the opposite), although only in certain situations.
Deductions if you are self-employed
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If you’re particularalmost certainly, You will not be able to access any type of deduction if you have bought a car in 2022. There are only a series of exceptions, such as people with disabilities or disabilities equal to or greater than 33 percent (or their immediate dependent family member) may deduct up to 4 percent VAT compared to 21 usual percent on the purchase of a car. If you are a family of numbers, you can deduct up to 50 percent in the registration tax,
If you’re autonomousthings change and there are more advantages, although you have to differentiate between those self-employed dedicated to transportation (taxi drivers, VTC, delivery men, driving schools, etc) of which work in other sectors.
The first You can deduct up to 100% of VAT on expenses, including fuel. If your occupation as a self-employed person is not related to transportation (nor is the vehicle the necessary means of transportation for that activity), you can deduct up to 50 percent of the amortization, interest, and VAT (including fuel costs).
Another aspect is that of company cars. When it is in the name of the company and it is used only for work, the company is the one that can deduct an annual percentage of the cost of the acquisition of the vehicle. You can also benefit from reductions in expenses and taxes that are levied on the operation.
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If the company car is for private use, it is a payment in kind, so it is part of the salary and has tax benefits. It will be necessary to pay 20 percent annually on the market value, including the expenses and taxes of the acquisition, which would correspond to the vehicle if it were new, although with deductions based on its emissions or price.
–15 percent deduction: vehicles that do not exceed 120 g/km in C02 emissions and with a price of 25,000 euros or less.
–20 percent deduction: hybrid or internal combustion vehicles of auto gas, LPG and natural gas of up to 35,000 euros.
–30 percent deduction: battery electric vehicles (BEV), extended range electric vehicles (E-REV), plug-in hybrid electric vehicles (PHEV) with a minimum range of 15 km and a price not exceeding 40,000 euros.
