Uncategorized Gulf states 2020 VAT implementation 07 December 201516 views1 min read http://www.vatlive.com/asia-pacific/gulf-states-2020-vat-implementation/ Purchase of doubtful debts VAT-free 3. December 2015 , Andrew Miles –> The finance ministry has modified its VAT Implementation decree to follow ECJ and Supreme Tax Court case law to the effect that the purchase and collection of doubtful debts (non-performing loans) is VAT-free in contrast to the purchase of receivables for collection. Italy; European Union ECJ preliminary ruling (VAT): Agenzia delle Entrate v. Marco Identi (Case C-493/15) – Bankruptcy discharge; extinguishment of debts arising from VAT
