Tax news: support for electric cars and road tax change

ROAD TAX NOW ONLY ON LARGE VEHICLES

The first amendment relates to the Road Tax Act. In order to limit the impact of the war in Ukraine on taxpayers, the government decided to significantly narrow the road tax, i.e. to limit the number of entities to which this tax obligation will apply.

As a result, only trucks with a maximum permissible weight of more than 3.5 t will now be subject to road tax.

The amendment will apply retroactively from 1 January 2022, and tax registrations will be automatically cancelled by the tax administrator. According to the press release, there will most likely be road tax audits for trucks over 3.5 tonnes, so we recommend you check that you have reported everything properly to the tax office and paid on time.

HOW TO SAVE ON INCOME TAX? WHETHER IT PAYS TO DRIVE A GAS, HYBRID OR ELECTRIC CAR

Another amendment concerns the Income Tax Act. In order to promote alternative sources of fuel for passenger vehicles, it was decided to change the amount to be added for employees when they use a company vehicle for both business and private purposes.

If the employee drives a low-emission car (natural gas, hybrid or electric vehicle), he will now add only 0.5% of the entry price of the vehicle compared to the current rate of 1%. However, this will continue to apply to conventional petrol and diesel cars. The change is again retroactive to 1 January 2022.

In addition, charging stations for electric vehicles have been reclassified to the 2nd depreciation group, which will allow faster tax depreciation over a 5-year period. In this case, retroactive effect is also possible, i.e. retroactive reclassification to a lower depreciation group even for those wallboxes that were acquired before the amendment came into force.