Court of Appeal rejects VAT recovery right of PE funds in liquidity events

On September 14, 2021, the Amsterdam Court of Appeal ruled that a Dutch entity that is part of a private equity structure is not entitled to recover VAT on costs relating to refinancing, even though the entity recharged these costs. This decision could have a significant impact on the right to recover VAT in case costs are incurred for liquidity events of private equity funds.

Source Deloitte

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