Deductions

The taxpayers of the VAT They may deduct from the accrued quotas for the operations they carry out the quotas they have supported in their acquisitions of goods and services or in their imports, provided that certain requirements are met. This right to deduct input VAT constitutes a fundamental element in the tax's operating scheme.

In this section, a series of essential points must be taken into account, such as:

1. The requirements that must be met for the VAT be deductible.

2. The birth and expiration of the right to deduct, that is, when the deduction can be made and from what moment the deduction can no longer be made. VAT.

3. The exercise of the right to deduct, or in other words, how the deduction is made.

4. The way to deduct when the taxpayer carries out activities in different sectors.

5. He VAT supported that is deductible when the pro rata rule is applied.

6. Regularization of deductions for investment assets. Investment assets are used in different years and the amount incurred in their acquisition must be deducted based on the use of these assets over the years of their use.

7. The requirements that must be met to be able to deduct the VAT supported in the preparatory or prior operations to the delivery of goods or provision of services that constitute the economic activity.

8. The rectification of deductions already made.

Each of these points is discussed in more detail below:

1. Requirements for the deduction
2. When you can deduct
3. How is the deduction carried out
4. Deductions in separate sectors of the business or professional activit
5. Pro rata rule
6. Adjustment of deductions for capital goods
7. Deduction of contributions borne or paid before commencing the usual course of deliveries of goods or provision of services
8. Rectifying deductions