- The European Commission proposes cutting VAT deductions for gas-powered fleet vehicles.
- The proposal aims to decarbonize corporate fleets.
- The Commission acknowledges that Member States are currently supporting the company car market with more than EUR 40 billion annually.
- The Commission believes that changing fiscal regimes can have a quick and decisive role in the transition to zero-emission vehicles in corporate fleets.
- The Commission suggests modifying the VAT Directive to reduce the right to deduct input VAT for conventional vehicles.
- The Commission emphasizes the importance of including criteria to safeguard supply chain resilience and sustainability when revising such measures.
- The plan for the decarbonisation of corporate fleets is a response to an initiative introduced with the objective of supporting the European Union’s 2035 zero-emission target.
Source: regfollower.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
