Company Van Agreement

Business lease is a popular long-term vehicle rental agreement that is suitable for individual entrepreneurs, partnerships, and limited liability companies. When an employee uses a company vehicle for personal use, it is a taxable ancillary benefit. Personal use includes commuting to or from work, running errands, or allowing a spouse or family member to use the vehicle. A directive on company vehicles or an agreement on the use of company vehicles defines the authorised personnel for a vehicle in the company`s fleet. It also describes the qualification requirements of a company car, the basic rules that employees must follow when using company vehicles and disciplinary measures for the misuse of vehicles.