Hi, my question is about the expenses for leasing or renting or even buying a car. Would it be that deductible? how? about buying the car, can I deduce the VAT??
Hello and welcome to the community!
Regarding your inquiry, Xolo Leap focuses on supporting businesses that operate in a location-independent manner. This means we primarily assist businesses that don’t have a fixed physical location and can operate from anywhere. As a result, we currently do not facilitate the purchase of company cars, due to the potential complexities and legal implications that arise when a vehicle is predominantly used in one specific country.
Regarding the rental of cars as a business expense, we only reimburse expenses related to inter-country business trips, as these are more clearly attributable to business activities conducted across different jurisdictions, as this may increase the risk of your company being required to register as a taxpayer in that specific country.
If you have any further questions or require assistance, please feel free to reach out. We’re here to help.