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VAT deduction may be further limited

The Netherlands has asked the European Commission to amend the regulations on the right to deduct VAT on goods and services that are used for more than 90% for private purposes. The proposed adjustment means that the VAT on purchases that are hardly (less than 10%) used for business purposes is not deductible at all. This will mainly affect the VAT deduction of solar panels, homes and cars.

Source: Flynth

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