The Netherlands has a number of practical solutions to minimize your compliance burden and optimize your VAT cash flow if you are in B2B trade.
If you import via the Netherlands, you can take advantage of the import VAT deferment (also known as “the reverse charge”).
Appointing a fiscal representative is required if a non-Dutch business wants to take advantage of the import VAT deferral.
By applying the reverse charge on import considerably improves the cash flow position, especially if you are in B2B trade:
• Your VAT position with appointing a fiscal representative as a rule is nil.
• Your VAT position without appointing a fiscal representative: as a rule, you are in a VAT refund position because VAT should be paid upfront.
Source Grant Thornton
Latest Posts in "Netherlands"
- Netherlands releases cover letter on ViDA assessment
- VAT on Alcoholic Drinks Included in Theater Ticket: Separate Supply, Standard Rate Applies, No Equality Violation
- VAT on Alcoholic Drinks Served During Theatre Intermissions: Separate Taxation from Admission Fee
- VAT on Theatre Tickets: Alcoholic Drink During Intermission Taxed at Standard Rate, Not Reduced Rate
- VAT on Theatre Ticket with Included Drink: Separate Tax Rates for Admission and Alcoholic Beverage
