- The VAT exemption for goods stored in VAT warehouses is repealed effective Jan. 1, 2026, with transitional relief for items stored before this date until Dec. 30, 2029.
- The VAT exemption for qualifying storage-related services continues until Dec. 30, 2029.
- Taxation is triggered by certain outsourcing events, such as removal, further processing, or provision of non-qualifying services.
- Warehouse operators face recordkeeping obligations and joint liability for non-compliance.
- New rules address the tax base, tax rate, input VAT deduction for previously exempt turnover, and updated documentation for removals to third countries or EU countries.
Source: news.bloombergtax.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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