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There are many benefits for companies to buy used cars.
Small-scale taxpayers can treat the cost of buying a car as a cost of the enterprise and use it to deduct corporate income tax.
In addition to deducting corporate income tax, general taxpayers can also deduct the value-added tax of vehicles, and the fuel costs, depreciation costs, repair and maintenance costs, accident costs, etc. incurred by the vehicles can be used as corporate costs in the future. Offset income and offset tax payable.
The following is a brief introduction to the accounting process for purchasing a second-hand car.
To purchase a second-hand car, you need to obtain a unified sales invoice for used cars.
Enterprises need to include all expenses incurred in second-hand car transactions, including car purchase expenses, insurance premiums, transportation fees, etc., into fixed assets.
The company determines the estimated residual value and expected service life of the vehicle based on the vehicle's expected use and relevant regulations, and calculates the vehicle's monthly depreciation.
The company begins to accrue depreciation in the next month.
The unified motor vehicle sales invoice obtained by an enterprise when purchasing second-hand cars is an ordinary invoice, so input tax cannot be deducted.
Used cars must be included in the company’s asset list and physical management must be carried out in accordance with regulations.
We can provide the service of issuing invoices for second-hand car transactions.
and provides third-party professional second-hand car evaluation reports.
If you also need help, please feel free to contact us.
18939701819【Customer Service Xiaotong】
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