In a recent CJEU case, Skellefteå Industrihus (“the Company”), planned to construct a building to be used for offices which were intended to be leased. On this basis, the Company applied for, and was granted, the right to benefit from the optional tax liability scheme as from November 2012 allowing it to reclaim VAT incurred on development costs.
Source Grant Thornton
Latest Posts in "European Union"
- AG Kokott’s Opinion: VAT Exemption, Vouchers, and Margin Scheme for In-Game Gold Trading
- EU Reaches Agreement on 2028 Customs Reform
- VAT and Transfer Pricing: ECJ’s Arcomet Decision Clarifies Intra-Group Service Remuneration and VAT.
- VAT on Transfer Pricing Adjustments: Importance of Detailed Documentation in Court Rulings
- E-Invoicing in the EU: Tax Authorities’ Data Use and Its Impact on Businesses
