- The Supreme Court (Hoge Raad) ruled on a cassation appeal regarding VAT (omzetbelasting) deductions for a fiscal entity involved in market making and trading financial instruments on stock exchanges.
- The case concerns the extent of the right to deduct mixed costs under Dutch VAT law (Wet OB 1968) for a company providing continuous bid and ask prices on trading platforms.
- The decision references relevant EU case law (First National Bank of Chicago, C-172/96) and clarifies the determination of compensation for actions qualifying for VAT deduction.
- The ruling addresses VAT paid by the company for periods between January 2018 and December 2020.
- Both parties (the fiscal entity and the State Secretary of Finance) submitted arguments and responses during the cassation proceedings.
Source: uitspraken.rechtspraak.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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