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Post by account_disabled on Jan 3, 2024 0:53:54 GMT -5
Goods or services under the normal VAT regime result in expenses whose VAT will be deducted in whole or in part. However there are others from which you will not be able to deduct VAT . See the following summary table with examples of the main expenses of a business Examples of expenses Fully deductible Partially deductible Not deductible Art. of the VAT Code Certified Accountant's Covenant x Agreement for other services including the Invoice. Xpress online invoicing program x Fuels x % of the amount spent on diesel LPG gas biofuels will be deductible Fuels used in heavy passenger vehicles public transport or industrial and agricultural Phone Number List machinery x Fuels for rent a car vehicles x Electricity for electric or plug in vehicles x Energy electricity bills gas etc. x IT computer hard drive headphones etc. Industrial production machines x Purchase of items for sale x Rent a car rental x Acquisition manufacture import transformation repair of tourist vehicles x When the purchase and sale or operation of tourist vehicles is the object of activity x Products or raw materials for processing e.g. flour in a pastry shop x Office supplies x Communications service telephone bill cell phone internet WiFi x Food and drinks x Transport including tolls accommodation meals reception expenses expenses related to properties and equipment for participation in congresses and other events when there is a contract with an organizing entity.
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