Accounting Services for Business

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Fuel Tax

Tax priority 2019 | No right to deduct VAT for the purchase of fuel cards if the transaction is considered a financial service

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Date05 Jul 2019
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Entities who initially purchase fuel cards used for cashless supplying of fuel to companies do not buy and resell fuel, but they provide a financial service involving crediting the purchase of this fuel. Therefore, they are not subject to VAT,...
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