If I rent a car through my company for a couple of months, can I deduct the costs from taxes?

Dear Questioner,

According to UAE tax laws, companies can claim tax deductions for expenses related to their business operations, including long-term car rentals.

This means that if you rent a car through your company for business purposes, you may be able to claim the rental expenses as a tax deduction.

Hello,

Thank you for reaching out with your question!

In Dubai, corporate expenses like long-term car rentals may be deductible depending on how the car is being used for business purposes.

If the rental is through your company and primarily for business activities, you could potentially benefit from deducting these expenses from your taxable profits, which could indeed be more advantageous than purchasing a car privately.

However, there are specific guidelines and accounting practices to follow to ensure you’re eligible for such deductions.

I recommend discussing this in more detail to understand your specific situation and ensure compliance with Dubai’s tax regulations.

Feel free to reach out to me through WhatsApp or phone at [--------] to discuss further and explore the best solution for your needs.

Best regards,

Suhail Rana

Hello,

Tax implications, cost analysis, and flexibility in usage—renting a car through your company in Dubai can often be more beneficial than purchasing one privately if it aligns with your business needs and usage patterns.

Greetings,

Yes, you can submit the car rental contract and the payment invoice, and the amount will be deducted from your tax base.

We are honored to provide you with legal support.

For further inquiries about your topic, you can come to our office or contact us via phone, WhatsApp, or email.