How will interest-free instalments paid for purchases made through cards count in building the tax deduction?

For purchases made with a card and paid in interest-free instalments, only the instalments debited within the current financial year will be calculated in building the tax deduction. The remaining instalments will be calculated in the tax deduction for the next year.

For example, if a Customer buys clothing articles worth Euro 200 payable in four (4) interest-free instalments, of which the first two are debited within the year, then the calculation of the tax deduction for the current year will include the amount of these two instalments, i.e. Euro 100. The next two instalments will be calculated in the tax deduction for the next year.

Useful Security Tips

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