- A super sports car purchased as an exhibition piece for a car dealership in the planning phase can be considered an input service for VAT deduction
- The full VAT deduction is generally allowed for company vehicles used for business purposes
- Exceptions to the VAT deduction rule may apply if certain income tax deduction prohibitions are in place
- The purpose of the super sports car must be sufficiently documented to qualify for VAT deduction
- The purpose of the super sports car must not fall under the VAT deduction prohibition related to similar purposes as specified in the tax law
Source: datenbank.nwb.de
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
