Although the statutory auditor is in no way hierarchically subordinate to the management body or the supervisory board with regard to the exercise of his supervisory duties, the statutory auditor acts on behalf of and under the responsibility of the supervisory board and therefore not in his own name or for his own account. nor under his own responsibility. The statutory auditor also does not bear any economic business risk, because he receives a fixed remuneration that is not dependent on his participation in meetings or on his actually worked hours. The activity of this supervisory director therefore does not qualify as an independently performed economic activity. This means that the auditor is not a VAT entrepreneur.
Source: AKD (Dutch)
Latest Posts in "European Union"
- Comments on ECJ C-521/24: CJEU Rules Against Hungary’s Strict Formalism in VAT Deduction for Late Invoices
- EU Seeks Feedback on Revising VAT E-Invoicing Rules for Harmonization and Interoperability
- Incoterms and EU VAT: Essential Rules for Accurate Cross-Border Trade Compliance
- Control Is Becoming Real-Time
- Comments on C-513/24 (Oblastní nemocnice Kolín) – Obligation for the presence of goods in hospital not decisive for VAT deduction
