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VAT practical manual 2021.


Necessary requirement: The intention to use the acquired goods and services for economic activity must be confirmed by objective elements.

These deductions cannot be made by entrepreneurs who must apply the special regime of the equivalence surcharge.

The application of these deductions has the same effects as the renunciation of the special regime for agriculture, livestock and fishing, not being able to benefit from this regime until that three years pass.

The first year of carrying out deliveries of goods or provision of services is considered to be the year in which the usual exercise of said operations begins, provided that the beginning of the same takes place before day 1 of July and, otherwise, the following year.