- Thrift stores are taking legal action against VAT taxation, seeking a court ruling this week to end the 21% VAT requirement. They argue this constitutes double taxation since VAT was already paid on the original purchase. The stores only pay VAT on their profit margin, not the full amount. Last year, the government rejected a VAT reduction proposal for thrift stores.
Source: fd.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.
Latest Posts in "Netherlands"
- Customs Court Rules Doctor Role Play Set as Toys, Not Clothing
- Adjustment of VAT deduction for services on immovable property: What can you still do?
- Government Responds to Questions on VAT Increase Impact Analysis for Accommodation
- Heijnen Maintains VAT Increase on Accommodation Despite Predicted Revenue Loss
- VAT due to number acquisition not deductible due to participation in fraud
