Lease of operating equipment ancillary to VAT-exempt lease of property, other VAT developments

Following a submission from the German Federal Tax Court (BFH), the Court of Justice of the European Union (CJEU) held that a lease of operating equipment is not subject to value added tax (VAT) under the EU VAT directive if the lease is ancillary to a VAT-exempt lease of property.

Source: kpmg.com

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