The Decree on VAT on Leasing has been extended to include vans and motorcycles, both new and used, as well as all used motor vehicles, including those purchased as used vehicles by the leasing company. This amendment aligns the decision with current practice and allows lease contracts for delivery vans of entrepreneurs to fall under the decree from 1 January 2025. Additionally, a condition regarding BPM in the approval section of the decision will be removed, as it is unnecessary. The new decision will take effect on 26 July 2024.
Source Taxlive
Latest Posts in "Netherlands"
- Land Development VAT and Transfer Tax: How Things Can Go Wrong
- Squash and Padel Court Rentals Are VAT-Exempt
- VAT Deduction Denied; Penalty Reduced Over Reconciliation Differences
- Dutch Court Rules on Own-Building Status in Renovation Works VAT Case
- Hague Court of Appeal Upholds VAT Appeal Admissibility and Legitimate Expectations
