The Court of Justice of the EU recently ruled in the Vittamed case (No. C-293/21). In short, the CJEU finds that VAT must be revised if investment goods due to a corporate liquidation are not and will not be used for business activities for which the business is entitled to recovery of VAT on costs. In this article, we discuss this important outcome and discuss the consequences in practice.
Source Baker Tilly
- Join the Linkedin Group on ECJ VAT Cases, click HERE
- For an overview of ECJ cases per article of the EU VAT Directive, click HERE
Latest Posts in "European Union"
- AG Kokott’s Opinion: VAT Exemption, Vouchers, and Margin Scheme for In-Game Gold Trading
- EU Reaches Agreement on 2028 Customs Reform
- VAT and Transfer Pricing: ECJ’s Arcomet Decision Clarifies Intra-Group Service Remuneration and VAT.
- VAT on Transfer Pricing Adjustments: Importance of Detailed Documentation in Court Rulings
- E-Invoicing in the EU: Tax Authorities’ Data Use and Its Impact on Businesses
