не могу понять смысл предложения (налоги)

[lait]

If the holding company’s activity is limited to the holding of shares, it will not be a taxable person under the VAT legislation. As such it will fall outside the scope of the VAT legislation and will not be entitled or obliged to register for VAT purposes.

However, if the holding company is involved in activities in addition to the holding of shares, such as the provision of management services or granting of loans, then it may be entitled to deduct VAT that it suffers on expenses incurred in Cyprus or self-changed under the reverse charge provisions.

трудности с куском to deduct VAT that it suffers on expenses incurred in Cyprus or self-changed under the reverse charge provisions.
если кто понимает, объясните смысл, пожалуйста. спасибо заранее за помощь