- SAC examined retroactive application of simplified procedure for triangular trade in VAT
- Dispute between company and tax authorities over VAT deduction
- Company claimed excessive VAT deduction, rejected due to incomplete transport of goods
- Company argued for three-party transaction classification, but did not meet necessary conditions
- Intermediary in triangular transaction liable to pay tax if invoice does not state triangular nature
- CJEU judgment in Facet: C-247/21 Luxury Trust Automobile highlighted conditions for derogating regime in triangular transactions
- Proper documentation of cross-border transactions within EU is crucial to avoid VAT evasion
- Incorrect reporting and incomplete documentary evidence can lead to issues with VAT deduction claims.
Source: pkfapogeo.cz
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.
