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Tax Risks of Using Personal Vehicles for Business Purposes and Compliant Solutions

2025-12-19
Tax risks of personal vehicles for business reimbursement are often overlooked by companies. Improper handling of fuel, toll, and maintenance reimbursements can lead to IIT and CIT compliance issues. Learn two practical solutions to mitigate risks and ensure tax compliance.
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China Briefing

How Companies Can Leverage the 30% Added Value Rule in Hainan

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Hainan’s 30 percent added value rule allows companies to ship goods to mainland China duty-free if they achieve 30 percent value-added processing in Hainan.

India Briefing

How India’s New e-B-4 Visa Solves Your Foreign Talent Challenges

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India’s new e-B-4 Visa supersedes the e-PLI visa, offering Indian companies a simplified, digital route to sponsor foreign professionals.

Vietnam Briefing

An Introduction to Doing Business in Vietnam 2026 – New Publication Out

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Using BI to Benchmark Consumer Markets in ASEAN with a Focus on Indonesia

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Beyond Zero Tariffs – What Hainan’s New Customs Zone Means for Industry, Investors, and the Island

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Hainan customs zone launches on December 18, introducing a two-line tariff system that exempts most imports from duties within the island.

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Tax Risks of Using Personal Vehicles for Business Purposes and Compliant Solutions

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Using personal vehicles for business purposes can create hidden tax risks for both employees and companies. This article explores why these risks arise and offers two compliant solutions.

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