As a VAT entrepreneur, you can deduct the VAT on costs if you purchase goods and services and use them for your VAT-taxed services. As a starting point, VAT must be applied to expenditure of a consumer nature (private character). In this context, Dutch VAT legislation has a correction of VAT deductions based on the Decree on Exclusion of Deductions (hereafter: “BUA”). At the end of each year, you must calculate the VAT adjustment for private use and include it in the last VAT return of that year.
Source Deloitte
Latest Posts in "Netherlands"
- Sale of Building Plots Is a VAT-Taxable Business Activity, Not a Private Transaction, Court Rules
- Registration fees of victims of a lottery compensation for services for consideration
- No Reduced VAT Rate for Iris Photo Products; Court Rules Not Qualifying as Art Objects
- Discriminatory requirement of tax representative does not stand in the way of zero VAT rate for excise goods
- Active Steps in Plot Delivery Make Seller a VAT Entrepreneur, Rules Amsterdam Court
