Which receipts need to be submitted for the input tax refund?
November 16, 2023 | 40,00 EUR | answered by Marco Schottmann
Dear Tax Advisor,
I am Maria Hofstetter and I run a small online trading company. Lately, I have been delving deeper into the topic of input tax and I am somewhat confused about the necessary documents for input tax refund. So far, I have properly documented all my purchases and expenses, but I am wondering if my receipts are sufficient to claim input tax.
My current situation is as follows: I have invoices from various suppliers for goods and services that I have purchased for my business. These invoices contain the necessary information such as my name, the supplier's address, the quantity and type of goods or services purchased, and the amount of value added tax specified. Additionally, I also have receipts for smaller expenses, such as office supplies or postage.
My concern now is whether these receipts are sufficient to obtain the input tax refund. I want to make sure that I can provide all the necessary documents to avoid any issues with the tax authorities. Therefore, I would like to know from you what specific documents I need to submit for the input tax refund and if my current documents are sufficient.
Could you possibly assist me and let me know if my receipts are enough or if I need additional documents? I would greatly appreciate your support and clarification on this matter.
Kind regards,
Maria Hofstetter
Dear Mrs. Hofstetter,
Thank you for your inquiry regarding input tax refund. It is very important that you familiarize yourself with this topic in order to avoid any issues with the tax authorities. I am happy to answer your question in detail and hope to be able to assist you.
First of all, I want to assure you that the receipts you mentioned are generally sufficient to claim input tax. Invoices from suppliers for goods and services, as well as receipts for smaller expenses such as office supplies or postage, are the common documents you need for input tax refund. These documents contain all the necessary information such as your name, the supplier's address, the type and quantity of the purchased goods or services, and the indicated VAT amount.
It is important that the invoices are properly issued and comply with legal requirements. Make sure that all the required information is fully and correctly noted on the receipts to avoid any issues with the tax authorities. It is also recommended to keep the original receipts and make copies if needed, in order to be able to present all the necessary documents in case of an audit.
Furthermore, it is advisable to maintain a proper accounting system in which all income and expenses are documented without any gaps. This not only facilitates the input tax refund process but also the overall accounting of your business.
Overall, you can rest assured that your current receipts are sufficient to claim input tax refund. Make sure to carefully keep all documents and be able to present them when needed. If you have any further questions or need assistance, I am happy to help.
I hope this response has been helpful to you and wish you continued success with your online trading business.
Best regards,
Marco Schottmann
