Does input VAT has an expiration?

Input VAT does not have a specific expiration date, but it is subject to certain time limits for claiming refunds or deductions. Typically, businesses must claim input VAT within a certain period after the taxable supply occurs or the invoice is issued, often within a year or as specified by local tax laws. If not claimed within this timeframe, the right to recover the input VAT may be lost. Therefore, it's essential for businesses to keep track of their VAT claims and adhere to regulatory deadlines.