Consequences of Failed Triangular Transactions in VAT: A Legal Analysis

• The Federal Finance Court of Germany made decisions on failed triangular transactions in VAT cases
• The court followed the European Court of Justice’s guidelines from the Austrian case Luxury Trust Automobil
• The court denied retroactive application of triangular regulations through invoice correction
• The issue has high practical relevance for various reasons
• The possibility of correction from now on remains unanswered but the court provided useful hints
• The article places these decisions in context and addresses unresolved questions
• The internal community trade in the internal market has become more complex for VAT purposes since the removal of customs borders on January 1, 1993

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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