- Central Tax Tribunal issued decision in appeal against Valencia Regional Tax Tribunal
- Matter concerned reduction of input VAT due to termination of private agreement
- Appeal turned down as transactions were void due to contract termination
- Obligation to rectify input VAT declared and deducted found to be independent of party charging tax
- Regularization of deduction applied was deemed necessary as transaction had been cancelled and had no effect
Source: crowe.com
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.
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