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According to the data provided by the Seimas BFK, last year legal entities bought the following luxury cars: more than 200 BMWs, 100 Mercedes, 70 Porsche, 15 Bentley, 2 Ferraris and 2 more Lamborghini cars. In total, legal entities per year for new luxury cars, the value of each of which exceeded 50 thousand. spent more than 67 million euros. – M. Majauskas, president of the Seimas BFK, noted Eltai.
“It is important to emphasize that luxury in itself is not an evil or a crime. However, in the interests of justice, it is important to ensure that the purchase of luxury cars does not abuse state support and that taxes are paid properly. Furthermore, for the purposes of tax morale, it would be convenient to assess the need to adjust the relevant laws, ”added M. Majauskas.
According to the commission, M. Majauskas will ask the Ministry of Finance and the State Tax Inspectorate (STI) to evaluate whether this luxury property is not used for private needs.
“If the suspicions are confirmed, your depreciation and maintenance costs shouldn’t reduce taxable profits.” If it turns out that the property is attributable to the employee’s income in kind, then such acquisition and maintenance costs of the property should be taxed as employment-related income, ”said M. Majauskas.
According to him, the authorities will also be asked to assess whether legal entities were not included in the lists of companies affected by the COVID-19 pandemic before purchasing the luxury cars in question and whether they did not receive the support of taxpayers administered by the STI.
“In such cases, carefully assess whether they should not be removed from the list of victims and the support received returned to the state budget,” said the Seimas member.
Also assess the need to adjust the provisions of the Corporate Tax Law to limit the possibility of including the purchase of luxury cars and their operating costs, assess, taking into account the experience of EU countries, the need to introduce a luxury vehicle. car tax in Lithuania based on its value and power.
According to Regitra data, in 2020, 773 new light vehicles worth more than 50 thousand were registered in Lithuania on behalf of legal persons. EUR.
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