Click any row to view full vehicle details, depreciation schedule, and fuel history.
Log Fuel / Maintenance Entry
Recent Entries
Date
Vehicle
Litres
Fuel Cost
Maintenance
Reg/Ins
Other
Total
Staff
5-Year Depreciation Schedule (Straight-Line)
Asset ID
Vehicle
Annual Depr
Year 1
Year 2
Year 3
Year 4
Year 5
Tax Shield Summary
Total Annual Depreciation—
Estimated Annual Fuel
Estimated Annual Maintenance
Total Annual Fleet Deductions&peso;2,020,001
Tax Saved @ 20% CIT&peso;404,000
VAT Claimable on Fleet Purchase (one-off)&peso;593,571
BIR Compliance Notes
BIR RR 12-2012: Straight-line depreciation, 5-year useful life for vehicles. Trikes may use 3-year useful life as categorised under motorised equipment.
Fuel Deductions: All fuel expenses are deductible with fleet card statements as documentation. Petty cash fuel (trikes) requires receipts and logbook entries.
Loan Interest: Interest on vehicle finance loans is fully deductible as a business expense.
Assigned Driver Rule: Each vehicle should have a named assigned driver for BIR documentation purposes.
FBT Warning: Personal use of company vehicles triggers 35% Fringe Benefit Tax. Maintain vehicle logbooks to distinguish business vs. personal use.
BMBE Note: If registered as BMBE (gross sales/receipts below ₱3,000,000), the enterprise is income tax exempt. Depreciation and expense deductions carry forward when BMBE threshold is exceeded.