VAT adjustment for private provisions to staff and relations (BUA)

As a VAT entrepreneur, you can deduct the VAT on costs if you purchase goods and services and use them for your VAT-taxed services. As a starting point, VAT must be applied to expenditure of a consumer nature (private character). In this context, Dutch VAT legislation has a correction of VAT deductions based on the Decree on Exclusion of Deductions (hereafter: “BUA”). At the end of each year, you must calculate the VAT adjustment for private use and include it in the last VAT return of that year. 

Source Deloitte



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