Legislator Case Law & Legislation
KHO:1998:77 AI generated

VAT deduction denied for investment firm because expenses were not directly attributable to taxable turnover.

Case Number KHO:1998:77
Court / Authority
Jurisdiction Finland (FI)
Decision Date
Outcome Dismissed

Legislator summary

AI generated

The Supreme Administrative Court dismissed the taxpayer's appeal regarding the denial of Value-Added Tax deductions for expenses incurred by an investment firm. The court found that the expenses were not directly attributable to the firm's taxable turnover, as the firm's primary activity was managing assets for others rather than engaging in taxable economic operations itself. Consequently, the court ruled that the statutory conditions for deducting input VAT were not met under the relevant tax laws.

Legislator headnote

AI generated

Arvonlisäverolaki 41 ja 42 §; Laki sijoituspalveluyrityksistä (579/1996): Input VAT deductions are not permitted for expenses incurred by an investment firm if those expenses are not directly attributable to the firm's taxable turnover.

Keywords

AI generated
value-added tax input tax deduction investment firm taxable turnover direct attribution supreme administrative court VAT liability

Cited Legislation

AI generated
Arvonlisäverolaki 41 ja 42 §
Arvonlisäverolaki 41 ja 42 §
Laki sijoituspalveluyrityksistä (579/1996)
Laki sijoituspalveluyrityksistä (579/1996)
AI generated

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Full text

Arvonlisäverolaki 41 ja 42 §

Laki sijoituspalveluyrityksistä (579/1996)