IN A RECENT DOMESTIC CASE (CASE CAS-2021-00028 DATED 17 MARCH 2022), THE LUXEMBOURG COURT OF CASSATION HAD THE OPPORTUNITY TO ADJUDICATE AT LAST INSTANCE ON A CONDITION FOR THE RIGHT TO DEDUCT VAT ASSERTED BY THE LUXEMBOURG VAT AUTHORITIES: NAMELY, THAT THE AMOUNT OF TAXABLE TURNOVER BE AT LEAST AS HIGH AS THE COSTS IN RESPECT OF WHICH THE DEDUCTION IS CLAIMED.
Source: Mondaq
