- No deduction approved for purchase VAT on diamond acquisition
- Case involved a company seeking VAT deduction for a diamond purchase
- Company activities included owning and managing shares in subsidiaries and investing in securities
- Tax authority noted these activities did not constitute economic business under VAT law
- Company did not buy or sell other investment objects during the registration period
- Activities were considered passive investment, not economic business
- Tax authority’s decision to deny VAT deduction was upheld by the tax tribunal
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.
