- The European Court of Justice ruled that there is no need for a threshold for VAT deduction
- The Court’s decision challenges the refund methods of VAT to passive subjects
- The Court clarified the right to deduct VAT in a specific case
- The Court highlighted that the quality of VAT subject is not dependent on reaching a certain income threshold
- To benefit from the right to deduction, two conditions must be met: the individual must be a VAT subject and the goods or services must be used for taxable operations
- The Court emphasized the importance of actually conducting economic activities to claim VAT deduction
Source: ipsoa.it
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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