- ECJ ruled that businesses can reduce taxable amount by payments made to state insurer for subsidizing medicine prices
- Judgment is favorable for pharmaceutical companies contributing to reduced medication prices
- Background on EU VAT law and previous ECJ judgments related to reducing taxable amounts
- Novo Nordisk case involved company paying contributions to state insurer for subsidies on medicines sold to pharmacies
- Decision allows for reduction of taxable amount by payments made to state insurer under volume agreements
Source: lexology.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.
