- The right to deduct VAT paid on purchases may be denied if the exercise is requested beyond the deadlines set by national regulations.
- The Court of Justice of the European Union confirmed this principle in a judgment on September 12, 2024, in case C-429/23.
- The case involved a Bulgarian company that received invoices for construction work subcontracted before being registered for VAT on November 25, 2019.
- Bulgarian regulations would have allowed the taxpayer to exercise the right to deduct VAT on these invoices within twelve months from November 25, 2019.
Source: eutekne.info
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.
