Today, July 17, 2023, has been published in the OFFICIAL state gazette the amendment of the Regulations of the Tax of the Income of Natural Persons (personal income TAX) relative to the determination of the amount exempt from tax by offsetting the use of own vehicle for work.
The amount has gone of 0.19 to 0,26 euros per kilometre route. This amount is used to cover the fuel and the costs associated with the wear and tear caused to the vehicle and its possible failures. Also fall within this protection, although proportionally, insurance and taxes related to the vehicle.
The amount exempt didn't update since 2005. The war in Ukraine has led to an escalation of historical energy prices and, specifically, of the gas, which, coupled with inflation, has led to what is now approved this amendment.
Taxpayers who use the vehicle for work, therefore, may exclude from its income statement the amount resulting from the multiplication of the kilometres travelled by 0,26 euros. It should be borne in mind, however, that you may only apply for the exemption in case of it can justify the displacement.
This update affects the determination of the costs exempt in the case of labor relations of a special nature.
It should be borne in mind, however, that the amounts that are updated are in force from today.
