- Czech Republic clarifies VAT applies to compensation for stolen goods only if ownership rights are transferred
- Compensation must directly relate to the goods for VAT to apply
- Coordination Committee and General Financial Directorate released a discussion paper on this topic
- For compensation to qualify as a supply of goods, ownership transfer and direct relation to goods delivery must be agreed
Source: regfollower.com
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.
