Exclusion of Foreign Insurance Sales from VAT Refund Calculation: Case Study (SKM2023.264.ØLR)

• An insurance company was not allowed to include revenue from insurance sold to customers in Y1 country from its permanent establishment in Y1 country in the calculation of its VAT reimbursement
• This decision was based on the current VAT law § 45, paragraph 4
• The ruling was confirmed in the case SKM2023.264.ØLR

Source: info.skat.dk

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