Ostroff, Fair and Company
*Ostroff, Fair and Company>>>Australia Taxes

How much tax do you pay on a commercial vehical supplied by your company for work use only?


How much tax do you pay on a commercial vehical supplied by your company for work use only?

I noticed you have this listed under Australia/New Zealand. I can not answer for those countries but, if you are in the United States, the company is responsible for all license and tax fees for their vehicles, regardless if the vehicle is work use only or the employee is allowed to use it for personal use also.
You shouldn't have to pay tax on it the company does.
If its company owned, you pay ZERO.
Why would you have to pay any tax on it at all? It is owned by the company you work for and they responsible for the taxes.
If the vehicle is still in the company name you are liable 0 dollars...but if it is in your name you have to pay the taxes and remember if it is in your name you are able to do what ever you want with the truck!
If a company that you work for supplies you with a vehicle to use for work purposes only, then you pay no taxes on this.

I am assuming the vehicle was not put in your name, because if it was, then it should be available to you for other use.
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