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Please, explain what is the road tax? and why it doesn’t be classified as capital expenditure on the invoice for a new car?
Thank you very much,
Thao HuyenRoad tax is tax payable each year for using the car. It is payable every year and is a running expense (just like insurance, fuel, etc) and is therefore revenue expenditure and appears in the Statement of profit or loss.
Thank you very much 🙂
You are so enthusiastic to answer all our questions. I wish you have a happy and lucky new year.Thao Huyen,
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