Input VAT Recovery by Holding Company

Court Case Bluejay Mining PLC (BM)

This case offered an in-depth discussion of the topic of whether a holding company can deduct VAT incurred as input VAT when providing services to subsidiaries. It must have bona fide agreements in place, services must actually be supplied and loans must be repayable. Some readers may be interested in the complexities of these points if they are operating as a holding company which provides services to its subsidiaries.

Source Constable

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