Happy companies and new electric vehicles in 2015!

Monday, 16 March 2015

Companies and liberal professionals will be able to deduct the totality of the value added tax when buying an electric vehicle or a hybrid plug-in. This possibility is contemplated in the Green Taxation reform that will be applied in January 2015. The vehicle must be allocated to the company activity and its price cannot be higher than €50,000. This reform aimed the redefinition of the fundamental legal basis of the environmental and energy taxation system, leading to the inclusion of several measures to promote economic competitiveness, environmental sustainability and the efficient use of resources.