| On March 26, 2015 Advocate General Mengozzi at the Court of Justice of the European Union (CJEU) rendered his Opinion in the joined cases Larentia + Minerva and Marenave Schiffahrts. These cases concern the VAT deduction position of holding companies and the conditions for a ‘VAT group’. Advocate General Mengozzi concluded that a holding company that is actively involved in the management of its participations is entitled to deduct the VAT charged on the costs it incurs on the capital procured to acquire participations and subsidiaries. He also concluded that partnerships can be included in a VAT group. | |
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