Updated Explanation of Table II Application under the VAT Act 1968

• The State Secretary of Finance has published an updated decision with an explanation of the application of Table II under the VAT Act 1968.
• The decision addresses the application of Table II under the VAT Act 1968, which lists the goods and services subject to the zero VAT rate.
• The decision has been amended due to various changes in the VAT Act 1968 and certain items of Table II.
• Changes in excise and customs regulations also require adjustments to the decision.
• Recent case law, including from the Court of Justice of the European Union, necessitates the updating of the decision.
• The main changes in the decision are related to the implementation of the directives on electronic commerce and harmonization and simplification of trade between member states.
• The decision will come into effect on April 1, 2024, replacing and updating a previous decision from March 28, 1993.
• Several other decisions will also be revoked upon the entry into force of this decision.

Source: taxence.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.

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