NNDKP CELF obtains a new court decision recognizing the right to deduct VAT on investment expenses in case of project abandonment

Uniunea Europeana

The NNDKP Center of Excellence in Fiscal Disputes (NNDKP CELF) has successfully represented a client in maintaining the recognition, through a final court decision, of the right to deduct VAT on expenses incurred for investments necessary to start or continue certain real estate projects that were ultimately not completed. In this case, the taxpayer, a real estate developer, intended to start two real estate projects on the land they owned. The first project was not completed due to a legal

Tag-uri: Real Estate