Questions & Answers

As a VAT taxable company, is it possible to deduct VAT of the reward bought?

It is possible to deduct the VAT of a purchased reward if the project initiator's company is also subject to VAT and if the purchased reward qualifies as deductible input tax for the purchaser. It is possible in case where the company of the project initiator is also subject to VAT. The project initiator has the possibility to issue the respective receipt. Please contact the project initiator directly if you have such a question.

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