A person carrying on a trade, business, profession or vocation may claim a deduction against its income equivalent to 150% of the costs incurred for the transportation of employees to and from the place of work using vehicles capable of carrying more than 8 persons.
These rules shall apply in respect of transportation costs incurred for the transport of employees as from 2017 up to 2019. The deduction in a given year may only be claimed on the lower of:
a) Euro 25,000 of the employee transportation costs; or
b) Euro 300 per employee.
If you would like to know more about this development and how it might affect your business kindly contact: