- Interest income from loans to subsidiaries was considered turnover from passive capital investment and should not be included in the pro rata VAT deduction calculation.
- The right to reimbursement of electricity tax should not be reduced due to this interest income.
- The Tax Appeals Board (Landsskatteretten) overturned the tax authority’s decision on these points.
- The company was found to be subject to payroll tax law, and the tax authority’s decision on this point was upheld.
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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