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What Can Be Deducted In Kilometers How Much.

The mileage meter is an important accounting document for companies that use company cars. It allows for the deduction of expenses related to business trips made by private or company cars.

Expenses such as fuel, tolls, insurance, vehicle repairs and maintenance, and vehicle depreciation can be deducted under mileage. However, it is important to keep proper documentation to prove the costs incurred, such as receipts, invoices or fuel bills.

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It is also worth remembering that mileage deductions depend on the type of vehicle used and the route taken. That's why it's important to keep an accurate mileage log that records the date, the route traveled and the purpose of the trip.

In summary, the mileage log is an essential tool for companies using company cars to deduct business travel expenses. However, it is important to maintain proper documentation and keep an accurate mileage log in order to effectively take advantage of mileage-related tax opportunities.

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