Violation of defense principle in VAT assessment of gold dealer – Court ruling

• Vof X bought and sold gold jewelry, purchasing new jewelry from a dealer in Dubai
• X sold jewelry to businesses in the Netherlands and Europe, as well as to individuals
• X also bought jewelry that yielded scrap gold, some of which was melted down into gold bars and exported to Dubai
• The tax inspector imposed a VAT assessment of €949,512 for the years 2012 to 2015 due to insufficient VAT payment on jewelry sales
• The Court of Appeal ruled on May 21, 2024, regarding the VAT assessment for Vof X

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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