CJEU Case Update of importance for Cyprus VAT practice – Courtesy of EY

CJEU Case Update of importance for Cyprus VAT practice: Does a Board Member constitute a taxable person for VAT purposes?

Director Fees VAT treatment determined on factual specifics with cost savings possible

The Court of Justice of the European Union (CJEU) has just released a judgment further clarifying the VAT Treatment of remuneration earned by individuals undertaking board positions. As analysed by CJEU, before deliberating on whether VAT will be applicable on amount earned by office holders, surrounding circumstances of position held inclusive of role duties, responsibility – economic risk undertaken, working conditions and remuneration must be examined.

For further information click here ey-cyprus-alert-vat-treatment-of-board-member-activities-elaborated-by-cjeu-june-2019(1)