An entrepreneur who acquires a capital good may deduct the VAT in accordance with the intended use of that good. If at the time of first use of that good it appears that the capital good is not used in accordance with its (initial) purpose, adjustment of the input VAT deduction takes place at the moment of use. At the end of the same year, another adjustment is made based on the data of the entire fiscal year. In the following four or nine years, depending on whether it concerns movable or immovable property, the use of the capital good is followed.
Source BDO
Latest Posts in "Netherlands"
- Netherlands: Bicycle Maintenance Package Qualifies as Separate Service at Reduced VAT Rate
- Netherlands: Export Zero Rate Denied for Sport Horse Used in EU Competitions
- Netherlands: Supreme Court Rules Minor Home Use Blocks VAT-Taxed Rental of Office Room
- Netherlands: Self-employed childcare worker eligible for VAT exemption on childcare services
- Netherlands: Florists Warn VAT Hike on Flowers and Plants Will Kill Jobs
