- A Dutch company (BV X) involved in horse trading and related equestrian activities received over €10 million from the Qatari equestrian federation, with nearly €9 million booked as share premium (agio contribution).
- BV X had reclaimed input VAT in 2013 on costs for buying, training, caring for, and stabling horses.
- It did not issue invoices in 2013 for any services to the federation, and the payments were not treated as consideration for taxable supplies.
- The tax authorities’ VAT assessment remained in place: the payments from the sports federation were not accepted as remuneration for services, so the VAT reassessment was upheld.
Source: futd.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.
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