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Practical Handbook VAT 2022


Necessary requirements: the intention to dedicate the goods and services purchased for economic activities must be confirmed by objective elements.

These deductions cannot be made by entrepreneurs who have to apply the special equivalence surcharge scheme.

The application of these deductions has the same effects as the renunciation of the special regime for agriculture, livestock and fisheries, and they cannot be applied to this regime until three years have elapsed.

The first year in which goods or services are supplied or rendered is considered to be the first year the year in which the usual exercise of such operations begins, provided that such operations begin before 1 July and, otherwise, the following year.