The Court then ruled that the exemption for foreign currencies, banknotes and coins that were legal tender did not apply, as no country had legislated that these coins were accepted as means of payment. The Court also saw no room to interpret the financial exemption even more broadly than the EU Court had done in the Hedqvist case. The Court further ruled that the margin scheme does not apply to virtual goods.
Source: FUTD
Latest Posts in "Netherlands"
- Guidelines for New VAT Rules on Mixed-Use Properties Effective from July 2025
- 7 Tips to Speed Up VAT Return Processing and Minimize Delays
- VAT Increase on Hotels Could Lead to Billions in Losses for Tourism Sector
- No VAT Deduction for Family Business Succession Advisory Costs, Court Rules Against A BV
- Proposed VAT Increase on Tourism Yields No Net Gain, Faces Parliamentary Vote