VAT on vehicle expenses in Belgium

In Belgium, only 50% of the VAT on vehicle expenses (e.g. lease) is deductible, i.e. 10.5% instead of the 21% rate indicated on the invoice from the leasing company. The other half of the VAT amount therefore falls under the costs.

To add a VAT code for vehicle expenses:

In this example we assume that the Legislative Country is set to Belgium.

  1. Go to:Financial / VAT/ICP / Configuration / VAT code.
  2. Click on: New.
  3. Complete the fields.

    Fin_BTW op autokosten in België (10)

  4. Click on: Finish.
  5. Now, you link the VAT code to the correct VAT section. You can check the settings for the VAT code of 21% that is already present.
  6. You can link this VAT code as a preferred VAT code for a ledger account. If you do, then this code will be suggested automatically when entering the purchase invoices.

See also

Directly to

  1. Configure VAT Belgium
  2. Configure VAT declaration Belgium
  3. Add an administration
  4. Configure administration settings
  5. Add VAT accounts
  6. Add a VAT rate group
  7. Add a VAT rate
  8. Add Belgian VAT codes
  9. VAT sections
  10. Set the VAT duty and number for a debtor/creditor
  11. VAT on vehicle expenses in Belgium
  12. Configure ‘Fiche 281.50’