Long-term tangible assets in many companies make up a larger share of the assets of the balance sheet, and one of the most important items of long-term tangible assets are means of transport that are necessary for the performance of all types of activities, be it for the transport of people, passengers or the transport of goods, and the actuality of the accounting and tax treatment of means of transport is unquestionable. There will be analyzed the records of passenger cars and trucks in the accounting and tax books through the periods of purchase, use and sale of means of transport. The differences in accounting and tax recording when purchasing new and used means of transport domestically, from other European Union member countries and from third countries that are not members of the European Union will be shown. It will also show the posting of the purchase of funds up to and over HRK 400,000.00 in purchase value during the period from 2018 to 2021 due to changes in tax laws. Differences in input tax deduction will be shown for input invoices related to passenger cars used for personal transportation and passenger cars used for the performance of activities. In the final part of the graduation thesis, the procedure of depreciation of means of transport and sales in the country, to another member state of the European Union and to third countries will be presented.