• Occurrence and Exercising of the Right of Deduction Prior to the Registration under this Law

Right of Tax Credit for Tax Charged Prior to the Date of Registration of the Persons under this Law and Conditions for Its Occurrence

Art. 68.

(1)

Any registered person shall be entitled to deduct the tax charged prior to the date of his registration under this Law for the assets purchased or acquired in any other way or imported within the meaning of the Accountancy Law, which are available as of the registration date.

(2)

The right under par. 1 shall occur only in respect to assets available as of the registration date, for which the following conditions have been met:

1. The person has a tax invoice of tax debit notice or customs declaration in compliance with the relevant legal requirements;
2. ⁴⁷ The issuer of the tax document under item 1 was registered under this Law as of the date of the chargeable event and the date of issuance of the tax document and the supply was taxable as of that date and the condition under Art. 64, item 2 was met;
3. The person has effectively paid the importation tax due, where a customs declaration has been issued;
4. ⁴⁸ The registration list of the available assets, given in a special format, was compiled as of the registration date under this Law and served within three days after that date inclusive;
5. The available assets were, are or will be used to carry out taxable supplies.

Occurrence and Exercising of the Right of Deduction Prior to the Registration under this Law

Art. 69.

(1)

 ⁴⁹ The right under Art. 68 shall occur on the registration date and it shall be exercised during the tax period after the registration date, the available assets and the tax charged at their acquisition, as specified in the registration list under Art. 68, being entered into the purchase log.

(2)

 ⁵⁰

(3)

 ⁵¹ The right of deduction of tax credit under Art. 68 shall not occur and it shall not be exercised by the registered person, where the registration list was submitted after the third day as from the registration date under this Law.

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