- The EU Court of Justice has ruled that Bulgaria can withdraw a license to operate a tax warehouse in addition to imposing a financial penalty for failure to pay excise duty.
- The Bulgarian company, Vinal AD, had its license withdrawn after failing to pay €128,000 in excise duty.
- The court stated that the withdrawal must not be disproportionate to the violation and that the violation must be considered serious.
- The court also discussed the conditions that apply if the sanctions are criminal in nature.
Source Taxlive
Latest Posts in "European Union"
- Advocate-General: Transfer Pricing Adjustments for Intra-Group Goods Likely Subject to VAT Compliance
- Transfer Pricing Adjustments Affect VAT Only if They Alter Agreed Transaction Price Between Parties
- A-G CJEU: Transfer Pricing Adjustments Are VAT Price Corrections for Previous Sales, Not Services
- AG Kokott: Transfer Pricing Adjustments Affect VAT Only if They Change Consideration, Not Just Profit Allocation
- EU Introduces Flat EUR 3 Customs Duty Per Item for Low-Value Imports from July 2026
