In this edition of our News Flash, we would like to briefly outline a case of the European Court of Justice (ECJ), which was published in common cases C-13/18 (Sole-Mizo Zrt.) and C 126/18 (Dalmandi Mezőgazdasági Zrt.), which dealt with the reasonable amount of interest, that has to be returned by Hungarian Tax authority, on a retained excess deductible VAT.
ECJ dealt with issues of substantive and procedural conditions under which a taxable person should be returned by the excess VAT deduction that could not be returned in a reasonable term because of a condition given by Hungarian legislation, which was consequently declared contrary to EU law.
Source: accace.com
