Right to Deduct VAT: Contract as Sufficient Document for Tax Deduction

• Taxpayer can deduct VAT without an invoice based on an agreement
• A company in the construction industry raised doubts about deducting VAT without an invoice
• The company argued that a sales contract is sufficient for VAT deduction
• The tax authority disagreed and said sales agreements cannot be considered as VAT invoices
• The company filed a complaint and the Provincial Administrative Court ruled in favor of the company
• The court cited a CJEU ruling that the document for VAT deduction does not need to be titled as an invoice, but must contain certain information
• The judgment may please entrepreneurs, but it is unclear if tax authorities will change their approach.

Source: krgroup.eu

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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