RECALIM input Vat

This topic has 1 reply, 2 voices, and was last updated 7 years ago by Tax Tutor.

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November 18, 2018 at 8:01 am #485110
alikhakar
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Input VAT incurred on buying cars used 100% for business purpose is recoverable.
Inout VAT on Running costs and repairs for car used for private purpose is also recoverable.

What about Input VAT incurred on buying cars used for private purpose. Is it recoverable ?
November 19, 2018 at 6:41 am #485173
Tax Tutor
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No input VAT recoverable on a car purchased where any private use occurs – if a car is leased instead of purchased and had some private use then 50% of the input VAT may be recovered
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