The privately used villa of struggling real estate juggler Rene Benko is being seized – allegedly no tax has been paid on the property for years. Now the Ministry of Finance justifies how Benko’s tax debt amounted to no less than twelve million euros.
Rene Benko’s deals will keep the country busy for a long time. At the weekend it was announced that the Republic had seized Benko’s private home because there was a sales tax claim of twelve million euros against a foundation of an operating company that was attributable to Benko. This raised the question of how it was possible that Benko did not have to pay twelve million in sales tax? Does he enjoy privileges?
The Ministry of Finance now explains that companies “can reclaim input tax if a property is used commercially. If the tax authorities are of the opinion during an inspection that the use is not commercial, the deducted input tax becomes a turnover tax liability.”
This can also happen a few years later. The finance department believes that it has fulfilled its duty by registering the lien – so the accusations are off the table.
Source: Krone
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