As a car owner, you cannot avoid car insurance. You have the option of claiming this on your tax return.
Depending on the payment agreement you have made with your car insurance, this will be due at regular intervals. You also have the choice of whether you only take out liability insurance or whether you book fully or partially comprehensive insurance. You declare part of the car insurance on your tax return in order to deduct the amount from your taxes.
As a private individual, you claim the part that is allocated to liability insurance in your tax return. If you have taken out comprehensive insurance, look at your invoice to see how much the liability part is and enter this amount in your tax return. Private individuals cannot deduct the comprehensive insurance amount from their taxes.
You have two options:
Important: Choose one of the options mentioned.
In order to deduct motor vehicle liability insurance from your taxes, the following requirements are essential:
If you use your vehicle purely for business purposes, enter the vehicle insurance in Annex N “Business expenses”. If you are self-employed, fill out Annex EÜR (income and expenditure account). Enter the costs for your vehicle under the heading “Business expenses, vehicle costs and other travel costs”. In addition to the full insurance cover, you also enter other costs that arise for your vehicle that is used exclusively for business purposes.
