๐
๐ Business
Crash in a company car? The taxman treats the insurance payout as 100% taxable income
Polish tax authorities treat insurance compensation for repairing a company car as 100% taxable income for the business owner, subject to both income tax and health insurance contributions. Yet repair costs can only be deducted at 75%, creating a situation where a minor accident can cost an entrepreneur more than the repair itself.
Comments
No comments yet
Comments
No comments yet โ be the first to weigh in ๐
No comments yet. Be the first!