VAT Deductions Denied for Acquisition of Medical Clinic Assets by Danish Company

• Danish Customs and Tax Administration clarified VAT deductions on acquisition of medical clinic’s assets
• Taxpayer company planned to take over clinic’s operation and acquire assets, except external number and capacity
• Tax Agency found asset transfer fell outside VAT Act scope, taxpayer not entitled to deduction
• Tax Council agreed with Tax Agency’s findings
• Taxpayer can’t deduct VAT on purchase price, transfer of assets considered total asset under VAT Act
• Services provided by taxpayer to company holding external number and capacity are VAT-exempt medical consultations

Source: news.bloombergtax.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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