- The Cassation Court evaluated the nature of services proposed by the taxpayer.
- With ordinance number 15638 on June 12, 2025, the Cassation Court addressed conditions for exercising the right to VAT deduction for a proposed but not exercised business activity involving exempt operations.
- In this case, a company established in the national territory made purchases of goods and services for its future activity, including securities placement, portfolio management, order reception and transmission, and investment advice.
- The company considered the VAT paid as deductible and did not perform any active operations in the initial years, resulting in a credit.
Source: eutekne.info
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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