VAT Liability for Used Sports Car Sales: A Danish Tax Ruling

• A company plans to buy and sell used sports cars.
• The company asked if its activities would be subject to VAT.
• The tax council confirmed that the company’s activities would be considered a business in terms of VAT.
• The tax council refused to answer if the company’s activities would be considered a business in terms of taxes.
• The company will be a VAT-liable company.
• The company will be required to charge VAT on its sales.
• The company will be required to file VAT returns and pay VAT to the authorities.

Source: info.skat.dk

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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