- The EU Commission confirmed principles from recent Supreme Court rulings.
- For VAT deductibility on purchases by special purpose vehicles for MLBO operations, Supreme Court rulings are sufficient.
- This is despite the differing view of the Revenue Agency.
- The European Commission responded to a request for infringement proceedings by AIDC.
- The request was due to the Revenue Agency’s non-compliance with these principles.
- Full reliance on Supreme Court rulings 22608/2024 and 22649/2024 is advised.
- These rulings state that VAT on purchases is generally deductible.
Source: eutekne.info
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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