- BFH ruling on VAT margin scheme for works of art
- Concerns an art dealer operating galleries in Germany
- Dispute over VAT treatment of intra-Community purchases
- CJEU ruling Mensing II states VAT on purchases forms part of basis for margin taxation
- National law § 25a UStG not compatible with Union law
- Art dealer can now use margin taxation
- VAT on intra-Community purchases included in basis of assessment
- Lower Tax Court to determine margin taxation in second set of proceedings
- Equity considerations not part of the proceedings
Source: hub.kpmg.de
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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