VATupdate

Deduction for input VAT on transaction costs when purchasing shares

The case concerns the determination of input VAT for acquisitions incurred in connection with the purchase of 20% of the shares in a company in [country1].

The disputed amount is NOK 388,569.

The complaint was not upheld.

The Secretariat hereby maintains the assessment above that there is no deduction for input VAT on the costs incurred in connection with – and for use in – the purchase of shares, cf. the Value Added Tax Act § 8‑1.

Source: skatteetaten.no

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