Can I deduct the purchase price and maintenance costs of a car or other means of transport through the service?

Our service does not currently allow you to deduct the purchase price of a car or van, but their expenses for business activities are deductible on a per kilometer basis. To qualify, business trips must be less than 50% of the total distance driven. Read more about kilometer allowances in our support article (in Finnish).

The service’s accounting does not include a balance sheet, which means that the purchase prices of vehicles cannot be deducted. The costs of leasing contracts are also not deductible for this reason.

Due to accounting restrictions, no deduction can be made for the use of a personal vehicle if business trips are 50% or more of the distance driven for the whole year.

Costs for a short-term leased vehicle can be deducted

Primarily, the costs of a rental car are deductible if they are related to business operations. In this case, you can add the invoice for the rental car and the related fuel costs to your accounts using the New expense function. In the explanation field of the expense, include information about the rental car, as fuel and car costs for a car you own or borrow are not deductible.

How to deduct costs for your own car?

For now, the use of your own or a spouse's car for business purposes can only be deducted on a kilometer basis in the service if the share of business trips is less than half of all trips.

See instructions for kilometer allowance in our support article (in Finnish).

The purchase price of a car, maintenance and fuel costs cannot therefore be deducted in your own accounts. These costs are covered by the kilometer allowance. The allowance covers costs other than just fuel.

Costs for quad bikes, boats, and snowmobiles are deducted according to actual costs

The use of other vehicles for business purposes is deducted according to the actual costs incurred, depending on the proportion of business use. Also for other vehicles, the deductibility requirement is that the business use is less than 50% of the total use.

See the deduction requirements for other vehicles in our support article (in Finnish).