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VAT recovery allowed a bank, based on actual use

The Court of Appeals Den Bosch issued a judgment concerning the recovery of value added tax (VAT) and concluding that a bank’s “actual use method” had been sufficiently substantiated so that the recovery of VAT on mixed costs did not have to be determined on the basis of the standard turnover-based pro rata method, but could be based on actual use.

Source: KPMG

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