- BMF has provided a statement on the VAT assessment of cartel damages compensation
- Payments of settlement amounts from the wrongdoer to the victim for cartel damages are considered genuine damages
- Changes have been made to the UStAE regarding the assessment of cartel damages compensation
- The letter applies to all open cases
- For payments of cartel damages compensation before 1.1.2025, it will not be objected if both parties agree on a reduction in consideration under § 17 UStG, as long as the necessary input tax correction is made.
Source: datenbank.nwb.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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