VATupdate
VAT

Treatment of pharmaceutical company’s rebates for VAT purposes; refund opportunities

France’s Supreme Tax Court (“Conseil d’Etat”) held that for value added tax (VAT) purposes, companies can reduce their taxable base to reflect certain “conventional rebates.”

Source

See also ECJ C-462/16 – Boehringer Ingelheim Pharma GmbH & Co. KG – Judgment – Discounts reduce the VAT value of pharmaceutical supplies

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