In practice, it is not easy to assess whether compensation of damages is taxable. The recent case law of the ECJ points to an agreed compensation in the event of premature dissolution of an agreement in the direction of a taxable amount.
Source: KPMG (Dutch)
Latest Posts in "European Union"
- Briefing document & Podcast: ECJ C-564/15 (Farkas) – Non-application Reverse-Charge, 50% tax penalty is disproportionate
- Pierrakakis at ECOFIN: Innovation and Digitalization as Europe’s Competitiveness Drivers
- Three Plead Guilty in €6.5 Million Tax Evasion and Money Laundering Case
- Transfer Pricing Adjustments and VAT Implications: Impact of Recent CJEU Decisions
- VAT Treatment of Loyalty Points in Lyko’s Scheme: Not Classified as Vouchers, Says AG Kokott