Cadwalader allows sharing content.
Email to a friend or colleague:
From
To
Subject
Email On 17 September 2104, the Court of Justice of the European Union (the “CJEU”) gave its preliminary ruling in the case of Skandia America Corporation USA, Sweden Branch v Skatterverket (C-7/13) (“Skandia”). The decision of the CJEU has been awaited with interest throughout this summer, and the CJEU has now ruled that the supply of externally purchased services from a company’s main establishment in the United States to its Swedish branch is a taxable transaction for value added tax (“VAT”) purposes. The decision of the CJEU has not followed the opinion delivered by Advocate General Wathelet on 8 May 2014, in which he had opined that such services should not be subject to VAT. https://www.cadwalader.com/resources/clients-friends-memos/skandia-intra-company-supplies-treated-as-taxable-transactions-for-vat-purposes-by-the-court-of-justice-of-the-european-union