- The approval regarding the right to deduct VAT when providing food and drinks for on-site consumption in the hotel, café, restaurant, pension, and related industries has expired as of January 1, 2024.
- The approval has been codified in article 15 paragraph 5 of the VAT Act 1968 after the implementation of the Fiscal Collection Act 2024.
- The approval was initially made in anticipation of a legislative change.
Source: inview.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.
Latest Posts in "Netherlands"
- Entrepreneur Bound by Settlement Agreement in Tax Reassessment Case on Luxury Watches Sales
- Tax Fraud Lessons: The Perils of Mixing Business and Personal Finances
- Financial Application Disruption at Customs Halts Payments, Urgent Payment Requests Possible
- New VAT Rules for Mixed-Use Buildings: Changes Effective July 1, 2025
- Guidelines for VAT Rates on Mixed-Use Properties Effective July 1, 2025