The New Landmark Judgement of the German Federal Fiscal Court (BFH)

    March 2016
    Section 13c of the German VAT Act provides that the acquirer of a receivable which includes value added tax, e.g. trade receivables, lease receivables and telephone receivables, becomes liable for the payment of such VAT if the purchaser of the receivables receives the payments from the relevant receivables and the seller of the relevant receivables does not pay the VAT included in the relevant receivables to the relevant tax authorities.