Finance Ministry hopes VAT refunds on company cars may jump start car sales

The proposed change would be introduced between June and July together with a revised law on discounting the purchase of new cars and petrol against tax. The Ministry intends to end the Lisiak formula that regulated which cars could qualify for tax breaks and instead introduce three categories of cars that could enjoy tax breaks. The first would be lorries weighing over 3.5 tones and they would enjoy full VAT refunds for both vehicles and fuel. Next would be delivery cars with a metal rack behind the rear seats, which would also enjoy a full VAT refund. The last category will be personal cars, that would enjoy a VAT refund up to zł.5,000, but the petrol used could not be discounted against tax. The changes are to be implemented with the intention to resuscitate the motor industry that due to overpricing has been experiencing a slump. (Puls Biznesu p. 5; Rzeczpospolita p. B1) M.G.