Source: curia.europa.eu (official link with background info not available yet)
- For the first project, the applicant bought a piece of land on which it would construct a production hall for a producer of elevators. The producer would rent this for 10 years.
- For the second project, the applicant purchased a plot of land and buildings (where the producer had its business).
- Via these two projects, the applicant wished to build an office tower and shopping centers – and the producer would reduce its housing costs.
- However, due to the economic crisis, the first project was shut down in 2008. As a result, the producer of elevators was forced to rent an alternative space.
- The question is, among other things, whether a person that acquires a good or service for the purpose of providing a taxable activity is entitled to input VAT recovery, and if that right continues to exist even if that good or service at a certain point is no longer used for the original intended purpose due to circumstances beyond the control of the taxable person that occur after acquisition of the good or service.
Latest Posts in "European Union"
- VAT Liability of Assignee Persists Even if Assignor Ceases to Exist, EU Court Rules
- Can Businesses Recover VAT if Supplier’s VAT Number Is Revoked? Key Insights from Latest ECJ Case
- GENA Submits Six Recommendations to EC on Harmonising E-Invoicing in Public Procurement
- Boost your knowledge of EU’s VAT in the Digital Age (ViDA)
- Comments on ECJ Case C-121/24: Ruling on Joint VAT Liability When Main Debtor Loses Legal Status: Key Issues Analyzed
