The Gelderland District Court ruled that X is not entitled to deduct VAT on asset management fees, as holding the securities portfolio is considered a non-economic activity and X failed to demonstrate these costs were incorporated into the price of advisory services. However, VAT on general expenses is deductible at a pre-pro-rata rate of 50%.
Source: taxlive.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.
Latest Posts in "Netherlands"
- Dutch Tax Law Clarifies Data Reporting Rules for Small Business Scheme
- Court Rules No Right to Deduct Input Tax for Shareholder Advice Costs
- Entrepreneur Bound by Settlement Agreement in Tax Reassessment Case on Luxury Watches Sales
- Tax Fraud Lessons: The Perils of Mixing Business and Personal Finances
- Financial Application Disruption at Customs Halts Payments, Urgent Payment Requests Possible
