New Dutch Decree Clarifies VAT Exemption Scope for Securities Transaction Intermediation and Corporate Finance Services

• The decree clarifies when services related to securities transactions qualify for the VAT exemption for mediation.
• Mediation is defined as actively bringing two parties to a securities agreement without the mediator being a party or having an interest in the deal.
• Only services that actually facilitate the transaction are exempt; advisory, valuation, and contract review services remain subject to VAT.
• A phase model is introduced, and integrated assignments covering all phases aimed at closing a deal are generally exempt, while partial services are assessed individually.
• The decree provides clearer guidance for M&A advisors and intermediaries on VAT exemption, potentially prompting them to reconsider their VAT practices.

Source: londenholland.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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