The Tax deduction rates vary by country. MyRideTrac is designed to support all simple rate or expense-based tax deduction rules. Here is an example of the rules:
US – $0.54 per mile (RIDER and NORIDER miles) or actual expenses – whichever is greater. Typical expenses include: Fuel, Insurance, Tires, Repairs, Washes, Phone Expense, Lease payment, Depreciation on vehicle. If you are self-employed, the list is even longer and may include Health Insurance, office space, electricity and more! If you use expenses, you must prorate them between business and personal use. MyRideTrac tracks your business (RIDER/NORIDER) and personal use (PERSONAL)
UK – flat rate (45p for first 10,000 miles, 25p after 10,001 miles) or actual expenses which may include: Fuel, Insurance, Tires, Repairs, Washes, parking and more. There are different rules regarding capital allowances depending on whether you use traditional accounting or cash-basis accounting. source: https://www.gov.uk/simpler-income-tax-simplified-expenses/vehicles- MyRideTrac tracks your mileage and expenses. To do the proration, you can modify the spreadsheet that MyRideTrac sends you in your detailed report.
Canada – actual expenses of operating your vehicle. An accurate log is required. MyRideTrac tracks your actual expenses.
Australia – there appear to be 2 methods. 1. Cents/kilometre method: $0.66/kilometre with a maximum of 5,000 kilometres using this method or, 2. Logbook method: You will need to keep a logbook for a minimum of 12 weeks and keep all receipts and log your actual expenses with odometer readings. source: https://www.ato.gov.au/Newsroom/smallbusiness/General/New-rules-for-claiming-car-expenses/ . MyRideTrac tracks your miles and expenses.
India – looks like actual expenses with accurate records. source: https://www.myuniverse.co.in/moneymoves/tax-savers/self-employed-in-india-here-are-some-tax-benefits-you-can-enjoy . MyRideTrac tracks your miles and expenses.
China – not sure. here are some links: http://www.maxxelli-consulting.com/personal-income-tax-china-calculate-much-owe-chinese-government/ or http://www.pwccn.com/webmedia/doc/635671281131435071_cn_tax_facts_figures_2015.pdf or