Brussels, 12/09/2013 (Agence Europe) - A company whose principal establishment is in a member state may not take into account, in order to calculate its deductible proportion of VAT, the turnover of its branches established abroad because the sixth VAT directive (77/388/EEC) does not allow for a “worldwide proportion system”.
In a ruling issued on Thursday 12 September, the European Court of Justice responded to a request from the French Conseil d'Etat about a dispute between Le Crédit...