- 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.
