The mandatory participation period of at least three years does not apply to solar panel holders registered under the old KOR that are automatically transferred to the new KOR as of 1 January 2020. These solar panel holders can cancel the KOR at any time via the form ‘Notification of termination of turnover tax KOR’. The decision will take effect on December 24, 2020.
Source: taxlive.nl
Latest Posts in "Netherlands"
- Late objection to additional VAT assessment remains inadmissible
- Municipal Entrepreneurs’ Fund Not Eligible for VAT Deduction Due to Non-Compliance with Approval Conditions
- Knowledge group position: VAT reverse charge mechanism applicable to contractor activities
- When Is a Theatre Drink a Separate VAT Supply? Lessons from the Dutch Supreme Court
- Fraudulent Employee Purchases Lead to VAT Liability Without Deduction for Company
