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5.5% VAT level maintained


ericd

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  • 3 months later...
We brought our property to be our home and our business, we formed a SCI to hold the property as thats more tax efficient then a SARL to run the business we have to pay 19% TVA on all renovation works. Then claim the TVA back which is a slow process and when your paying 10s of thousands of Euros in TVA it ties a fair chunk of your working capital up ;-) But at least at some point we should get it all back !
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