- ECJ ruling on Hungarian VAT deduction rules published in EU Official Gazette
- Case involved taxpayer unable to deduct input VAT initially due to payment regulations
- Legislative amendment allowed for deductions following court ruling
- Tax agency refused to pay interest on taxpayer’s refunds
- ECJ determined taxpayers entitled to claim VAT refund and late payment interest for regulatory infringements
- Taxpayers can submit second claim for interest related to same EU law infringement
- Second claim for interest can be made based on new case law
- Each EU member state can establish procedures for supplementing initial claims for late payment interest
Source: globalvatcompliance.com
See also
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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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