CJEU ruling limits VAT recovery on aborted deals

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CJEU ruling limits VAT recovery on aborted deals

Mattias Cruz Cano
November 16 2020
Incomplete deals present VAT complexities for taxpayers

The Court of Justice of the European Union (CJEU) has ruled that Sonaecom can partially deduct the VAT incurred in an aborted deal, placing a limit on deductions based on how the capital was raised and used.

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