Regional Court of Szeged: preliminary ruling procedure with reference to the late payment interest arising in connection with the delayed VAT refund
It was published in the official journals of the ECJ that the Regional Court of Szeged initiated a preliminary ruling procedure (C-426/22, Sole-Mizo Zrt) in a case where the subject of the matter is the claiming of late payment interest arising in connection with the delayed VAT refund due to the application of the financial settlement rule. Due to the complexity of the matter, similar cases have been going on for years and have already been referred to the ECJ twice before (see related cases: C-654/13, Delphi Hungary Kft; C 13/18 and C 126/18, Sole-Mizo Zrt and Dalmandi Mezőgazdasági Zrt). The Hungarian court, inter alia, seeks for guideline with respect to the determination of the late payment interest rate aiming to compensate monetary erosion, a principle determined by the ECJ in its earlier resolution.
Source DLA Piper
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