The year 2020 just started, however 2019 has not yet been finalized. The last Dutch VAT return for 2019 still needs to be filed.
This last VAT return differs from the regular VAT returns which have been filed throughout the year. This is because in the last VAT return (either the VAT Return for December 2019 or for Q4 2019) some specific corrections need to be taken into account. The article shows a number of points that need to be taken into account when preparing this VAT Return.
In the final Dutch VAT return of 2019 a VAT correction should be made on the basis of the VAT Deduction Exclusion Decree (“DED”) and the private use of company cars. In that context we have updated our memorandum regarding the VAT correction on promotional gifts and other benefits, such as staff benefits. Furthermore, the VAT correction based on the private use of company cars is described.
Source Baker Tilly KPMG PWC (in Dutch)
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