The updated Real Estate Decree includes a relaxation for opting for VAT-taxed rental with retroactive effect. Carola van Vilsteren, LL.M., discusses the decision in a Tax Talks e-learning. The decree addresses the supply of immovable property and exceptions to turnover tax and transfer tax. It clarifies that undeveloped land intended for paving may qualify as building land for VAT purposes, depending on specific criteria. The decree also outlines conditions under which certain types of pavement qualify as a building.
Source Taxence
