All expenses > Deduct the insurance of your utility vehicle

Deduct the insurance of your utility vehicle

Tax audit risk

Easiness to justify
Average amount deducted€ 2000 per yearFrequency1x per year
Deducted by38% of independentsRecommended by10% of independentsDo you deduct this expense?Would you recommend this expense?

Don’t forget to deduct insurance for your utility vehicle

You can deduct up to 100% of the cost of insuring your utility vehicle, depending on its business use.

Like all the other costs relating to your utility vehicle, its insurance is deductible according to the business use of your vehicle.

Do you use your company car exclusively for your business? Then you can deduct 100% of these costs from your tax bill.

You can prove this exclusively business use, for example, by having a valid alternative for private journeys. Otherwise, 85% is an acceptable rate of VAT deductibility.

All types of insurance for your commercial vehicle are tax-deductible.

Curious to know what qualifies as a utility vehicle?
The FPS Finance explains it here


Check those related expenses that you could deduct tomorrow ✨

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