- A company plans to buy and sell used sports cars.
- The company asked if its activities would be subject to VAT.
- The tax council confirmed that the company’s activities would be considered a business in terms of VAT.
- The tax council refused to answer if the company’s activities would be considered a business in terms of taxes.
- The company will be a VAT-liable company.
- The company will be required to charge VAT on its sales.
- The company will be required to file VAT returns and pay VAT to the authorities.
Source: info.skat.dk
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.
