- The Ministry of Finance has published an updated version of the Real Estate VAT Decree.
- The updated decree includes new provisions for options for VAT-taxable rental of real estate.
- There are also policy changes regarding the VAT treatment of solar panels, service costs, and utilities.
- The decree clarifies the definition of a building and paving for VAT purposes.
- The sale of an apartment that only exists on paper is subject to VAT if the land it will be built on is a VAT-building site.
- The first use of new real estate is important for determining VAT obligations and deduction periods.
Source: meijburg.nl
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
