What requirements do I have to meet in order to deduct VAT?
In order to deduct the input VAT payments you must meet the following requirements
In order to be able to deduct input VAT, the following requirements must be met
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Being a contractor or professional for VAT purposes
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Carrying out transactions giving entitlement to the deduction.
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The input tax must relate to goods or services that affect your business or professional activity.
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Be in possession of invoice or a document justifying your right, which must comply with the regulatory requirements and be recorded in the Record Book of Invoices Received.
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Once the above has been fulfilled, exercise the right to deduction in the corresponding declaration-settlement, provided that it does not exceed the period of four years following the time of accrual of the VAT payments.