The CJEU held that the exclusion applies regardless of legal succession between the seller and the purchaser, and even if not all the tangible and intangible components that make up the enterprise are transferred to the buyer, so long as the transferred assets are sufficient to enable the enterprise to conduct independent economic activity.
Source: KPMG
Latest Posts in "European Union"
- Maximizing VAT Recovery: Essential Tips for Businesses
- EU Announces VAT Digital Age Implementation Strategy to Combat Fraud and Modernize System
- ECJ Rules on VAT Treatment of Mobile App Services Before 2015
- EPPO Indicts 36 Suspects in €24.3 Million VAT Fraud Scheme
- EU Court Rules on VAT Liability for App Store Digital Platform Sales
