The State Secretary of Finance has issued a decision stating that the deduction of personal contributions for personnel benefits, business gifts, or other gifts from total expenses when calculating the BUA threshold amount is no longer allowed. This decision will take effect on October 17, 2023, and will expire on January 1, 2024.
Source
Latest Posts in "Netherlands"
- AG: no arguable position for own VAT fraud
- Court Rules Against Higher Interest Claims on VAT Refund
- Court: VAT carousel fraud involving false invoices and improper tax deductions
- Smoking Cessation Programs Not Exempt from VAT Due to Lack of Required Medical Qualifications
- Reduced VAT Rate Applies to Live Events Featuring Online Communities and Streamers, Court Rules
