- The Supreme Administrative Court dealt with a case involving a company’s VAT deduction refusal due to involvement in tax fraud
- The company traded in copper cathodes and zinc and was found to have engaged in fraudulent transactions
- The company failed to adequately vet suppliers and take precautionary measures to prevent tax fraud
- The SAC upheld the previous decisions and dismissed the company’s complaint
- The court emphasized the importance of appropriate precautionary measures in high-risk transactions
- The decision highlights the need for robust control and compliance systems to prevent financial losses associated with tax fraud.
Source: danovky.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.
