Corporate Income Tax: Tax Deductibility of Motor Vehicle Expenses

Motor vehicle expenses incurred on goods and commercial vehicles such as vans, lorries and buses are deductible. However, motor vehicle expenses incurred on private cars (e.g., S-plated cars) are non-deductible even if these cars are used for business purposes.

This information aims to provide a better general understanding of taxpayers’ tax obligations and is not intended to comprehensively address all possible tax issues that may arise. While every effort has been made to ensure that this information is consistent with existing law and practice, should there be any changes, IRAS reserves the right to vary our position accordingly.

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[XRT]

Video explanations makes it easier for us to understand the concepts:) thanks!

[ongth]

My company in order to infringe the interests of shareholders, the company's thieves' management defrauded taxes and used variour common allowances for their private cars and family members, including driving allowance, traveling allowance, entertainment allowance, refreshment allowance, claiming meals and buying parking coupon for private use. ...