Proposal to Extend Germany’s VAT Input Deduction Exclusion for Private Use of Business Goods

• European Commission proposes extending authorization for Germany to exclude right to deduct input VAT
• This applies to business goods and services used for private purposes
• The extension is subject to certain conditions and limitations
• The goal is to prevent abuse of the VAT system and ensure fair competition within the EU

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.