CARS IN COMPANY’S ASSETS

Sa？etak Upon performing its business activities a company may use the cars owned by the company or the cars leased according to the agreement on financial lease. The taxation and the accounting treatment of a company’s car depends on the way it has been purchased and the fact whether such a car is to be used for the transportation of employees, board members or for performing a business activity. In terms of taxation, the cars used for the personal transportation of employees and board members have a less favourable tax position according to the VAT Act and the Profit Tax Act, compared to the cars used for performing a business activity