EU Council Allows Germany to Exclude Input VAT Deduction for Private Use of Business Goods

• Council of the EU has authorized Germany to continue excluding the right to deduct input VAT on business goods and services used for private purposes
• This decision was made to prevent distortions of competition within the EU
• Germany had requested this authorization due to concerns about potential tax evasion and fraud
• The authorization will be in effect until December 31, 2022, unless the Council decides to extend it

Source: research.ibfd.org

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.