- European Union Official Gazette published ECJ judgment on Hungarian VAT deduction rules
- Taxpayer, a wholesale business in Hungary, had VAT deduction refused by Tax Authorities
- ECJ ruled that Tax Authority can refuse VAT deduction due to lack of diligence
- Tax Authority responsible for proving elements of VAT fraud
- Taxpayers must exercise due care to avoid participating in VAT fraud.
Source: news.bloombergtax.com
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.
