VATupdate

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ECJ comment: VAT deductions on professional services related to unrealized acquisition, capital set-aside

The Court of Justice of the European Union (CJEU) rendered judgment (Sonaecom (C-42/19, 12 November 2020)) holding that value added tax (VAT) may be deducted on purchased services in the event of a proposed but unrealized share acquisition.

Source: KPMG

The summary of the judgment can be found HERE

 

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