VATupdate

Correction of import VAT deduction

The FG Münster has decided to correct the import VAT deducted in the event of an insolvency challenge.

The Lower Tax Court has decided: The right to input tax deduction arises when the import VAT has arisen (§ 15 Para. 1 Sentence 1 No. 2 UStG). Correspondingly, the input tax deduction is corrected (Section 17 (3) sentence 1 UStG) if the import VAT is refunded. Under Union law, “refunded” means the actual process of repayment.

Source: haufe.de

Sponsors:

VAT news
VAT news

Advertisements:

  • VAT news
  • VAT news
  • VAT news