Do expenses incurred before the establishment of a company entitle you to deduct input tax?

Expenditure prior to incorporation may entitle the company to deduct input tax under certain conditions. The prerequisite is that the company becomes liable for VAT after its formation and the expenditure is directly related to its future business activities.

The input tax can be claimed via a subsequent VAT declaration. It is important to keep the receipts correctly and to declare the input tax in the first tax statement after incorporation. Tax advice can be useful to avoid mistakes.