Peppol deadline: 01-01-2026
00

Avoid fines

Peppol deadline: 01-01-2026
00

Avoid fines

Community

Purchases/depreciation of passenger car

DB
05/10/2024
Vraag

I am self-employed in a secondary occupation and subject to VAT.

Subject: the following entry for the purchase of a passenger car (20% professional use %)

I am entering this expense for a total amount of €42,500.00 (excl. VAT €35,123.97) as an investment in the category Passenger car.

The supplier is

Le Couter my

, a Belgian

company. The document states the invoice date as 16/10/2023 and I am booking the expenses on 01/07/2024. The depreciation amounts to 20%, spread over 5 years from 2024. Question: is this entry correct and can I recover 20% of the vAT in full via my third quarter return? Or should this amount be depreciated over 5 years as an investment?

Hi,That's absolutely right! You can reclaim the vAT immediately and write off the costs excl. VAT! Just one question: why are you entering this invoice into your accounts a year later? Because if you already had it before you started your business, I don't think you can enter this car at its purchase price, but you have to take the current market value (second-hand).

Regards, Ad.

Stel een vraag

Stel uw vraag aan de Dexxter-community met meer dan 10.000 eenmanszaken en geverifieerde Dexxter-experts.

30-day free trial. No credit card required.

You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.

Community

Andere vragen van de community

What will the tax brackets be in Belgium in 2025?
General terms and conditions invoice example
Social security contributions?
Hotel expenses
Second-hand purchases
Uploading expenses

Helaas! Onze community is momenteel enkel toegankelijk voor mensen die een proefperiode op Dexxter starten