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TEST 2

What's VAT deductions?

Generally, if your business is registered for VAT, you can deduct the VAT on goods or services you resell or use to run your business. It depends on the actual goods or services and what you use them for.

Let's say that you buy some tools, then you normally pay VAT which is 25% of the price of the tools. But if you buy the tools for your carpenter business, you are entitled to deduct the VAT. This means that we will refund the VAT after you have filed your VAT return. 

The video (currently in Danish) explains when you are entitled to a VAT deduction.