- Services must be included in the cost of the fixed asset to obtain benefit of Article 27 bis of VAT Law
- Consultation on applicability of benefit for “conceptual engineering” services for plant construction
- Services subject to VAT and must entitle to tax credit to be eligible for refund
- Services must be part of the respective asset to request refund of remaining tax credit
- “Conceptual engineering” services may not meet requirements for VATL benefit
- Consulted services likely considered organizational and start-up expenses, not part of direct cost of fixed assets
Source: assets.kpmg.com
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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