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Europe Daily Bulletin No. 8956

28 May 2005
Contents Publication in full By article 29 / 46
GENERAL NEWS / (eu) eu/court of justice
Ruling on input VAT on new share issue

Luxembourg, 27/05/2005 (Agence Europe) - Kretztechnik, a company limited by shares established in Austria, develops and sells medical equipment. In January 2000, Kretztechnik resolved to increase its capital by issuing new shares and was admitted to the Frankfurt Stock Exchange. It was required to pay VAT on the supplies it received in that connection (advertising, lawyers' fees, technical and legal advice). Subsequently, the tax authorities (Finanzamt Linz) refused to allow it to deduct VAT...

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