Are there any special regulations for input tax declaration in investments?
January 5, 2024 | 40,00 EUR | answered by Tobias Waldmüller
Dear tax advisor,
I am Wolfgang Gallenberg and I have a question regarding input tax declaration for investments. I recently invested in my company and I am wondering if there are any special regulations or peculiarities that I need to consider when filing the input tax declaration.
To give you a better overview of my situation: I run a medium-sized company in the field of mechanical engineering and have recently purchased new production machinery worth 100,000 euros. Naturally, there are corresponding input tax amounts involved, which I would like to correctly claim in my tax return.
My concerns mainly lie in the fact that I am not certain if there are any special regulations or special rules that I need to consider when filing the input tax declaration. I want to ensure that I can maximize all possible financial benefits for my company, so it would be very helpful if you could assist me in this matter.
Could you please inform me if there are any special regulations or peculiarities that I need to consider when filing the input tax declaration for investments? Are there possibly even ways to make certain expenses more tax-efficient? I am very grateful for your expertise and support in this matter.
Thank you in advance for your help.
Sincerely,
Wolfgang Gallenberg
Dear Mr. Gallenberg,
Thank you for your inquiry regarding the input tax declaration for investments in your company. It is important to correctly declare the input tax in order to take advantage of possible financial benefits for your company. I would like to provide you with all relevant information on this topic.
When purchasing production machinery worth 100,000 euros, corresponding input tax amounts naturally accrue. These input tax amounts can generally be claimed in the advance turnover tax return or the turnover tax declaration. It should be noted that input tax is only deductible if it is used for business purposes. This means that the machinery must be used for your company in order to claim the input tax.
There are no specific regulations or peculiarities that you need to consider in relation to investments in the input tax declaration. However, it is important to retain all relevant receipts and documents in order to claim the input tax. These include invoices, delivery notes, and payment receipts.
To make certain expenses tax-efficiently deductible, you may be able to take advantage of investment deduction amounts. With this, you can deduct a portion of the acquisition costs as operating expenses and thus save on taxes. However, certain requirements must be met in order to utilize the investment deduction amounts.
Overall, it is important to fully utilize all tax advantages and opportunities to financially relieve your company. I am available for further questions or comprehensive advice. Please do not hesitate to contact me if you need additional support.
Thank you for your trust and inquiry.
Sincerely,
Tobias Waldmüller
