Principle
An authorized dealer may deduct VAT paid on business expenses (input VAT) from the VAT collected from his customers (transaction VAT).
Non-deductible inputs
- Hospitality and entertainment expenses
- Purchase of a private car (with exceptions)
- Expenses that are not necessary for the business
- Inputs without a valid tax invoice
Important Note: The information on this website is for general informational purposes only and does not constitute professional tax advice. Consult a qualified tax advisor before making financial decisions.