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Czech Republic to Impose VAT on Compensation for Lost or Stolen Goods

  • The Czech Coordination Committee and GFD clarified that compensation for stolen goods is subject to VAT only if ownership rights are transferred and the compensation directly relates to those goods.

  • To qualify as a supply of goods, compensation must involve the transfer of disposal rights and a direct link to the delivery of the stolen goods, as agreed between parties.

Source: regfollower.com 

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