- The Dutch tax authority lost an estimated €1.5 billion over ten years due to entrepreneurs disappearing after rapid company liquidations (turboliquidaties).
- Around 70,000 companies were quickly dissolved without paying VAT, payroll, or corporate taxes.
- Turboliquidation is a legal and popular method to dissolve companies rapidly, often without oversight.
- Authorities suspect a small group systematically abuses this process.
- In thousands of cases, assets were sold or tax refunds collected after company dissolution.
Source: taxlive.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"
- Despite major renovation of the hotel, there is no question of essentially new construction
- Partial VAT Deduction for Home Construction with Integrated Solar Panels Based on Actual Use
- Supreme Court Overturns VAT Penalty Ruling: Key Inspector’s Argument Ignored, Case Referred Back
- New General Court VAT case T-851/25 (Roenes) – No details known yet
- Supreme Court: VAT Penalty for Non-Payment, Intent, and Cooperation with Tax Advisor Examined
