Pro rata VAT deduction for bond broker OTC market
A BV brings bond buyers and sellers together on the OTC market (bond broking). Buyer and seller do not know each other. A BV does not deal with its own book. The settlement of the purchase and sale transaction is carried out by ICBC bank in New York, which clears and settles the bonds at the request of A BV.
Source BTW jurisprudentie in Dutch
