- The case involves the question of whether a flat-rate farmer can claim input tax deduction for goods used for taxable supplies when switching from the flat-rate taxation to regular taxation.
- The application of the flat-rate taxation has been limited to businesses with a total turnover of less than €600,000 since January 1, 2022.
- The question arises whether input tax deduction is excluded for goods acquired during the flat-rate taxation period but used for taxable supplies after switching to regular taxation.
- The Federal Fiscal Court (BFH) has ruled on this matter.
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.
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