- Denmark City Court examined VAT deductions related to subcontractor expenses and material sales
- A development and design company claimed deductions for these expenses which the Tax Agency denied
- This denial led to an increase in the company’s taxable income and VAT liability
- The court found the company did not sufficiently prove the reality of the subcontractor services
- It was also found that income from material sales was not properly recognized
- The court upheld the Tax Agency’s decision emphasizing the need for accurate documentation and recognition of taxable activities
Source: globalvatcompliance.com
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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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