- “Turnover” in Article 90(3) of the VAT Act refers to the value used to calculate output tax (the taxable base).
- Under the VAT margin scheme, only the margin is considered the taxable amount.
- Tax due is calculated solely on the margin.
- The margin must be used when determining the proportion for VAT purposes.
- Supreme Administrative Court confirmed this interpretation in case I FSK 1498/22.
Source: kpmg.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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