The partnership faces an additional turnover tax assessment due to a balance sheet debt at the end of the financial year. The assessment was imposed based on the sales tax balance sheet debt for 2016, which was included in the 2017 tax return of one of the partners. The court ruled that the assessment was correctly imposed, and the partner cannot rely on generated trust to dispute it. The possibility of bankruptcy of the partnership is not considered relevant in this case.
Source Taxence
Latest Posts in "Netherlands"
- Netherlands: Shadow Accounting Triggers Reversed Burden of Proof and VAT Assessments
- Netherlands: FIOD Arrests Man in €240,000 EU VAT Carousel Fraud Probe
- Dutch entrepreneur disputes €33,000 VAT debt in accountant disciplinary case
- Netherlands Urged to Speed Up E-Invoicing to Combat VAT Fraud
- Netherlands: VAT Assessment on Furnished Holiday Rentals and Small Business Scheme Misuse
