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What requirements do I have to meet in order to deduct VAT?

In order to deduct the VAT amounts borne, you must meet the following requirements

In order to be able to deduct input VAT, the following requirements must be met

  1. Being a contractor or professional for VAT purposes

  2. Carrying out transactions giving entitlement to the deduction.

  3. The input tax must relate to goods or services that affect your business or professional activity.

  4. Be in possession of the invoice or the document justifying your right, which must comply with the requirements established in the regulations and be recorded in the Record Book of invoices received.

  5. Once the above has been met, exercise the right to deduction in the corresponding tax return-settlement, provided that it does not exceed the term of the four years following the accrual of the VAT payments.