- EU Court ruling in Vega International case states that providing fuel cards to subsidiaries for purchasing fuel is considered a financial transaction
- According to the ruling, if the provider of fuel does not have ownership rights over the fuel, it is considered a financial service exempt from VAT
- Foreign truck drivers can reclaim VAT on purchases made in Denmark using international credit cards issued by fuel companies
- Tax authorities will now follow guidelines on fuel card schemes based on the Vega International ruling
- Guidelines will impact fuel card companies, fuel companies issuing credit cards, and businesses offering fuel agreements with invoicing through the company
- Legal basis for the ruling is based on EU VAT directive and Danish VAT law regarding transfer of ownership of goods and commission agreements.
Source: info.skat.dk
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.
