{"id":9965,"date":"2016-11-03T17:00:05","date_gmt":"2016-11-03T14:00:05","guid":{"rendered":"https:\/\/www.kreston.ro\/2020\/06\/04\/what-are-the-tax-implications-of-using-leased-cars\/"},"modified":"2020-06-04T17:46:55","modified_gmt":"2020-06-04T14:46:55","slug":"what-are-the-tax-implications-of-using-leased-cars","status":"publish","type":"post","link":"https:\/\/www.kreston.ro\/en\/2016\/11\/03\/what-are-the-tax-implications-of-using-leased-cars\/","title":{"rendered":"What are the tax implications of using leased cars"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row][vc_column][vc_column_text]All expenses (lease, fuel, insurance) are fully tax deductible and the related VAT provided that the car is 100% for the use of the business. The company must produce supporting documents to prove such use (transportation sheet that includes at least the minimum information requirements as provided by law e.g. type of vehicle used, purpose and place of displacement, kilometers done, own norm of fuel consumption per kilometer). If the company fails to prove the exclusive use for business purposes, the expenses and the related VAT are only 50% deductible, presuming that non business use is not significant. If the car is significantly used for private purposes by employees this is treated as an income received in kind and will included in the payroll.<\/p>\n<p>The regulations are provided by Law no. 227\/2015 regarding the Fiscal Code, updated (art. 25, paragraph (3), letter l) \u2013 the expense deductibility, art. 298- the VAT, art. 76, paragraph (3) \u2013 taxable income paid in kind to employees).<\/p>\n<p>The fiscal depreciation (tax allowance) of cars (under 9 seats) is limited to 1,500 RON\/month\/vehicle.[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_column_text]All expenses (lease, fuel, insurance) are fully tax deductible and the related VAT provided that the car is 100% for the use of the business. The company must produce supporting documents to prove such use (transportation sheet that includes at least the minimum information requirements as provided by law e.g. type of vehicle used, purpose [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14902,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[264],"tags":[],"class_list":["post-9965","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-case-study"],"featured_image_src":{"landsacpe":["https:\/\/www.kreston.ro\/wp-content\/uploads\/2013\/03\/kreston_romania_news_cover-1140x445.png",1140,445,true],"list":["https:\/\/www.kreston.ro\/wp-content\/uploads\/2013\/03\/kreston_romania_news_cover-463x348.png",463,348,true],"medium":["https:\/\/www.kreston.ro\/wp-content\/uploads\/2013\/03\/kreston_romania_news_cover-300x169.png",300,169,true],"full":["https:\/\/www.kreston.ro\/wp-content\/uploads\/2013\/03\/kreston_romania_news_cover.png",1500,845,false]},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>What are the tax implications of using leased cars - Kreston Romania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.kreston.ro\/en\/2016\/11\/03\/what-are-the-tax-implications-of-using-leased-cars\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What are the tax implications of using leased cars\" \/>\n<meta property=\"og:description\" content=\"[vc_row][vc_column][vc_column_text]All expenses (lease, fuel, insurance) are fully tax deductible and the related VAT provided that the car is 100% for the use of the business. The company must produce supporting documents to prove such use (transportation sheet that includes at least the minimum information requirements as provided by law e.g. type of vehicle used, purpose [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.kreston.ro\/en\/2016\/11\/03\/what-are-the-tax-implications-of-using-leased-cars\/\" \/>\n<meta property=\"og:site_name\" content=\"Kreston Romania\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/KrestonRomania\" \/>\n<meta property=\"article:published_time\" content=\"2016-11-03T14:00:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-06-04T14:46:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.kreston.ro\/wp-content\/uploads\/2016\/11\/loan-7.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2200\" \/>\n\t<meta property=\"og:image:height\" content=\"1466\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Kreston Romania\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@KrestonRomania\" \/>\n<meta name=\"twitter:site\" content=\"@KrestonRomania\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kreston Romania\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.kreston.ro\\\/en\\\/2016\\\/11\\\/03\\\/what-are-the-tax-implications-of-using-leased-cars\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.kreston.ro\\\/en\\\/2016\\\/11\\\/03\\\/what-are-the-tax-implications-of-using-leased-cars\\\/\"},\"author\":{\"name\":\"Kreston Romania\",\"@id\":\"https:\\\/\\\/www.kreston.ro\\\/en\\\/#\\\/schema\\\/person\\\/db98cc262f68b94f1de6fe9aab5e4cea\"},\"headline\":\"What are the tax implications of using leased cars\",\"datePublished\":\"2016-11-03T14:00:05+00:00\",\"dateModified\":\"2020-06-04T14:46:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.kreston.ro\\\/en\\\/2016\\\/11\\\/03\\\/what-are-the-tax-implications-of-using-leased-cars\\\/\"},\"wordCount\":193,\"publisher\":{\"@id\":\"https:\\\/\\\/www.kreston.ro\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.kreston.ro\\\/en\\\/2016\\\/11\\\/03\\\/what-are-the-tax-implications-of-using-leased-cars\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.kreston.ro\\\/wp-content\\\/uploads\\\/2013\\\/03\\\/kreston_romania_news_cover.png\",\"articleSection\":[\"Case Study\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.kreston.ro\\\/en\\\/2016\\\/11\\\/03\\\/what-are-the-tax-implications-of-using-leased-cars\\\/\",\"url\":\"https:\\\/\\\/www.kreston.ro\\\/en\\\/2016\\\/11\\\/03\\\/what-are-the-tax-implications-of-using-leased-cars\\\/\",\"name\":\"What are the tax implications of using leased cars - 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