The Dutch State Secretary of Finance has issued a decision approving the exemption from value-added tax for certain institutions that are allowed to aim for profit, despite the recent ruling of the Dutch Supreme Court stating that such institutions are excluded from the exemption. The State Secretary’s decision is intended to maintain the exemption for profit-oriented institutions in certain cases until the Dutch VAT Act can be amended to allow for such exemptions. This decision came into effect on April 21, 2023.
Source: taxence.nl
Latest Posts in "Netherlands"
- Court Rules Sale-and-Leaseback Property Transfer Not Exempt from Transfer Tax
- Court Ruling: VAT Directive Violations, Zero Rate Conditions Unmet, Tax Reassessed, Penalties Partially Overturned
- Faster VAT Entrepreneur Qualification in Real Estate Transactions: Key Considerations and Legal Insights
- VAT Exemption for Bitcoin Exchange Transactions Under EU Court Ruling
- Netherlands Proposes New VAT Rules for Digital Platforms Offering Short-Term Rentals and Passenger Transport
