Conceição Gamito (Senior Counsel), Rita Simão Luís (Senior Associate) and Nídia Rebelo (Associate) write an article for the magazine 'Highlights & Insights on European Taxation', published by the prestigious Wolters Kluwer.
The VdA lawyers analyse the judgment of the Court of Justice of the European Union (CJEU) in the Modexel case (Case C C-680/23) that opposed Modexel – Consultores e Serviços, S.A. to the Tax Authority and Fiscal Affairs of the Autonomous Region of Madeira.
They highlight the key lessons from the Modexel case: when does a business lose the right to carry forward excess VAT and what must it do to avoid losing valuable credits forever? This commentary delves into the Court of Justice of the European Union’s latest word on how excess VAT should be handled when a business ceases and later resumes its activity, revealing the risks and must-do actions to protect businesses’ VAT entitlements.
- Read the article here.
