Tuesday, June 25, 2013

Big News Flying Under the Radar

Look at this little doll
EU rules household PV systems exempt from VAT

Austrian homeowner successfully argued he should not pay VAT when purchasing the system as it is used as an economic activity. Luxembourg based court agrees that regardless of profit or loss, a system which feeds into a grid for payment on a regular basis constitutes an economic activity.
It would be wonderful if the US, Japan, Australia etc. followed suit and made residential photoelectric systems taxless as well.

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