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Ruling: Settlement of VAT by the museum foundation

1. Will the Loan received by the Foundation, in the event of its redemption, constitute a subsidy within the meaning of Art. 29a section 1 of the Act of 11 March 2004 on tax on goods and services (consolidated text: Journal of Laws of 2022, item 931, as amended; hereinafter: the VAT Act), i.e. whether it will affect the amount of the VAT tax base for the services provided by the Foundation?

2. Will the Foundation have the right to deduct VAT from expenses incurred for the implementation of the Project?

3. Should the Foundation deduct VAT from expenses incurred for the implementation of the Project using the so-called pre-coefficient referred to in Art. 86 section 2a of the VAT Act?

Source: sip.lex.pl

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