This reflection follows a decision by the European Union Court of Justice on a dispute between two Portuguese companies that focused on calculating the deadline for the exercise of the right to deduct VAT on the issue of corrected invoices after the end the period for exercising this right, which is four years. The highlighted topic seems to us of great interest, as it is not uncommon for the Administrative and Tax Courts as well as in the area of Tax Arbitration to face situations involving the right to deduct VAT, particularly questions about formalities invoices.
Source Portuguese Tax Association
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