Definitions of commercial vehicles are used for accounting purposes, as well as for administration of approving documents, driving licenses etc. A commercial vehicle term generally refers to motor-driven vehicles used for commercial purposes and weighing 4,500kg or more. Commercial vehicles are usually designed to transport goods or a group of passengers (normally counting from 11 [...]

Vehicle leasing can benefit SME’s and large corporations alike when it comes to cash flow management, tax planning and operation optimization. Main benefits of vehicle leasing include reduced operational risk due to flexible lease planning and outsourced fleet management; the tax benefits including VAT efficiency; predictable budgeting of monthly lease costs; cash-flow optimization and the [...]