VAT treatment of fuel cards, interest on retained VAT deductions

The VAT Act does not offer any detailed guidance on the correct application of VAT to fuel cards. The VAT treatment of these transactions has always been based on general principles and on interpretations of international case law. Recently, the European Commission’s VAT expert group has commented on this topic

The Supreme Administrative Court held unlawful the tax administrator’s reduction of the interest rate on a long-term retained VAT deduction.

Source: KPMG

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