- The right to deduct VAT paid on purchases can be denied if exercised beyond the time limits set by national regulations
- The case involved a Bulgarian company that received invoices for construction work subcontracted before being registered for VAT
- The company claimed the right to deduct VAT in a later period due to errors caused by COVID-19
- The tax authority denied the deduction, leading to a legal question about compatibility with EU principles
- The EU Court confirmed that the right to deduct VAT is an integral part of the VAT mechanism and cannot be subject to unlimited limitations
Source: eutekne.info
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.
