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Supreme Court broadens VAT deduction for vacant properties

On June 26 2020, the Dutch Supreme Court ruled that the VAT incurred on maintenance costs on a vacant property can be deducted if the property could be leased for VAT taxable (VATable) purposes.  Sebastiaan Wijsman and Maxine Rigot of DLA Piper consider the impact of the judgment on taxation in the real estate sector.

Source: internationaltaxreview.com

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