Claiming a VAT refund on your company car - think again!

In doing so, the Sejm also automatically removed a part of the bill which stated that companies can deduct the 22% VAT on purchased fuel. According to professor Witold Modzelewski, from the Tax Studies Institute the problem is huge. "If the Senate does not correct this mistake, corporate costs will dramatically increase. This would be a catastrophe, especially for transport and forwarding companies," he said. This opinion is widely supported, not only by market experts, but also representatives of the Finance Ministry. "This is an obvious mistake. This has to be corrected as soon as possible," commented Tomasz Michalik of Ernst & Young. (Puls Biznesu, pp. 1, 4) A.K.