- Under VAT law effective until June 30, 2025, zoning plan classification alone does not make land “building land” for VAT purposes.
- The intention of the parties to actually build, as shown in the sale agreement, is required for land to be treated as “building land.”
- From July 1, 2025, land specified in zoning documentation as designated for permanent structures is sufficient for VAT purposes.
Source: kpmg.com
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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