- A GmbH can claim input tax deduction for a car contributed as a non-cash asset during its formation.
- This applies even if the invoice is addressed to the founding shareholder.
- The car must be used exclusively for business activities after the company’s formation.
- The ruling is based on a decision by the FG Niedersachsen.
- The case highlights important considerations for VAT in company formations.
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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