NV X’s VAT status in the Netherlands; VAT reverse charge intact

• Holding and financing company NV X provided loans for interest
• NV X issued bonds for a refinancing project in 2018
• Foreign service providers rendered services to NV X in 2020
• NV X argued it was not liable for reverse VAT in the Netherlands
• Court ruled NV X had not proven it was not based in the Netherlands
• Court rejected NV X’s claim of VAT-exempt mediation services
• Economic reality is a fundamental criterion for VAT application
• Contractual provisions can be disregarded if they do not reflect economic reality

Source: futd.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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