Analysis of Tax Benefit Limitations for the Acquisition of Passenger Cars for Business in the Czech Republic

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F24%3A10256279" target="_blank" >RIV/61989100:27510/24:10256279 - isvavai.cz</a>

Výsledek na webu

<a href="https://ebooks.ktu.edu/pdfreader/transport-means-2024.-proceedings-28th-international-scientific-conference" target="_blank" >https://ebooks.ktu.edu/pdfreader/transport-means-2024.-proceedings-28th-international-scientific-conference</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.5755/e01.2351-7034.2024.P30-35" target="_blank" >10.5755/e01.2351-7034.2024.P30-35</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Analysis of Tax Benefit Limitations for the Acquisition of Passenger Cars for Business in the Czech Republic

Popis výsledku v původním jazyce

The presented paper deals with the analysis of tax benefit limitations for the acquisition of passenger cars in the business environment in the Czech Republic from 1 January 2024. The paper focuses on new aspects of this issue in the context of a completely new measure within the government&apos;s consolidation package of tax changes, which came into force on 1 January 2024 with the main objective of reducing the state budget deficit. The package includes, for example, certain limitations in claiming tax depreciation as an expense (cost) reducing the income tax base of business entities and also a possible deduction of value added tax on passenger cars and others. The significant limitation of tax benefits is also viewed from the perspectives of various methods of acquiring cars or their use also from the perspective of employees, their accounting and tax aspects and their impact on the optimization of the tax base according to the current legislation in the Czech Republic. The analysis also looks at the current trend in the use of emission-free vehicles in business and the related advantages and disadvantages. This paper provides a description and analysis of the issue, including the advantages and disadvantages of these options and variants. The paper uses the methods of description, analysis, comparison and evaluation.

Název v anglickém jazyce

Analysis of Tax Benefit Limitations for the Acquisition of Passenger Cars for Business in the Czech Republic

Popis výsledku anglicky

The presented paper deals with the analysis of tax benefit limitations for the acquisition of passenger cars in the business environment in the Czech Republic from 1 January 2024. The paper focuses on new aspects of this issue in the context of a completely new measure within the government&apos;s consolidation package of tax changes, which came into force on 1 January 2024 with the main objective of reducing the state budget deficit. The package includes, for example, certain limitations in claiming tax depreciation as an expense (cost) reducing the income tax base of business entities and also a possible deduction of value added tax on passenger cars and others. The significant limitation of tax benefits is also viewed from the perspectives of various methods of acquiring cars or their use also from the perspective of employees, their accounting and tax aspects and their impact on the optimization of the tax base according to the current legislation in the Czech Republic. The analysis also looks at the current trend in the use of emission-free vehicles in business and the related advantages and disadvantages. This paper provides a description and analysis of the issue, including the advantages and disadvantages of these options and variants. The paper uses the methods of description, analysis, comparison and evaluation.

Druh

D - Stať ve sborníku

CEP obor

—

OECD FORD obor

50205 - Accounting

Projekt

—

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2024

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

Transport Means 2024 : sustainability: research and solutionns : proceedings of the 28th international scientific conference : October 02-04, 2024, Kaunas, Lithuania

ISBN

—

ISSN

1822-296X

e-ISSN

2351-7034

Počet stran výsledku

6

Strana od-do

30-35

Název nakladatele

Kaunas University of Technology

Místo vydání

Kaunas

Místo konání akce

Kaunas

Datum konání akce

2. 10. 2024

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

—