WHAT IS THE RATIO OF VATFOR COMMERCIAL VEHICLE REGISTERED AS AN ASSET OF A COMPANY, WHEN IT IS SOLD?
The delivery of vehicles like buses, midibusses and minibusses being in a position numbered 87.02 is subject to VAT in the ratio of 18%.
VAT in the ratio of 18% is compulsory when taxpayers who have right to VAT discounting which is calculated during the purchase of personal autos being in a position numbered 87.03 and other personal autos designed to carry persons.
When taxpayers, who have no right to VAT discounting according to article 30/b of the Value Added Tax Act, deliver aforementioned vehicles, there should be VAT in the ratio of 1%.
Source: Value Added Tax Act
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