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

  • Link a VAT code to a VAT section
  • Preferred values for a ledger account

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’