No VAT exemption for credit checks by credit rating agencies
X BV provides interest-bearing loans to its sole shareholder, a Spanish company. X BV obtains the resources required for the loans by issuing bonds on the Luxembourg stock exchange and issuing “commercial papers”. In connection with attracting these “bonds”, X BV has used the services of two credit rating agencies, both located within the EU but not in the Netherlands.
It is not in dispute that the rating services provided to X BV are taxed in the Netherlands and that X BV, if the services are taxed, owes VAT. It is in dispute whether the services are exempt from VAT.
Source BTW jurisprudentie
Latest Posts in "Netherlands"
- Impact of 2027 Policy Change on Home Batteries and VAT for Solar Panel Owners
- Supreme Court to Decide Tax Status of Paved Parking Lot: Built or Unbuilt Land?
- VAT Implications for ‘Free’ Online Services: Legal Challenges and Potential Impact on SMEs
- Court Denies Tax Deduction for Family Business Succession Advisory Costs as Private Expenses
- No deduction of input tax for private advisory fees shareholders
