Commission Implementing Regulation (EU) 2021/1948 of 10 November 2021 on the treatment of repayments of VAT to non-taxable persons and to taxable persons for their exempt activities for the purposes of Regulation (EU) 2019/516 of the European Parliament and of the Council on the harmonisation of gross national income at market prices (GNI Regulation) and repealing Commission Decision 1999/622/EC, Euratom and Commission Regulation (EC, Euratom) No 116/2005 (Text with EEA relevance)

1 In compiling national accounts aggregates for the purposes of Regulation (EU) 2019/516, repayments of VAT incurred on purchases, made to non-taxable persons or to taxable persons for their exempt activities, shall be treated in ESA 2010 as other current transfers (D.7) or capital transfers (D.9), and not as if they were deductible VAT.

2 For the purposes of paragraph 1, the term ‘taxable person’ shall have the meaning given to it by Articles 9 to 13 of Directive 2006/112/EC, and the ‘exempt activities’ shall be understood as the activities listed in Articles 132 to 137 of that Directive.

Decision 1999/622/EC, Euratom and Regulation (EC, Euratom) No 116/2005 are repealed.

This Regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union.