VATupdate

Shareholder benefits, entity applies VAT deduction?

A recent case and a previous case have led us to conclude that VAT that appears at first sight to be attributable to private or VAT-exempt matters may nevertheless be deductible. It is sometimes worthwhile to study an invoice – and the facts that gave rise to the costs – again, before placing it in the “non-deductible” pile.

Source: RED (in Dutch)

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