This ruling means that notary offices that have earned positive interest income in the years 2017 up to and including the present run an additional assessment and penalty risk if they have fully deducted the VAT charged. In addition, if the interest income in a year amounts to more than 10% of the turnover, there may be a risk that the Tax and Customs Administration takes the position that the purchase or lease of a property has wrongly opted for a taxed delivery or taxed rent (including a possible claim from the seller or lessor for the resulting VAT review damage).
Source: btwinstituut.nl
Latest Posts in "Netherlands"
- VAT and School Building Transfers: Economic Activity, Consideration, and Legal Certainty in Dutch Case Law
- New policy note on intermediation in share transactions
- No Excuse for Unpaid VAT Without Filing Invitation; Fine Upheld but Reduced to €1,500
- No VAT Deduction for Exempt Rental by Partnership to BV, Court Den Bosch 2025
- Penalty for payment of additional VAT assessment reduced due to incidental negligence
