The Minister of Foreign Affairs has sent a letter to the Senate and House of Representatives with information about new legislative proposals from the European Commission.
Fiche 4: Directive and regulation on VAT rules for the digital age
The reason for the proposed directive and regulation (is twofold. Firstly, there are currently sub-optimal VAT collection and control methods. The VAT gap in Europe (estimated at €93 billion for 2020) indicates the total amount of lost VAT revenue. A significant part of this is caused by intra-Community VAT carousel fraud. Domestic VAT fraud and VAT evasion, VAT evasion, bankruptcies, calculation errors and administrative errors are other causes of the VAT gap. Secondly, the current VAT system imposes considerable administrative charges and compliance costs.
Source Taxence
Latest Posts in "Netherlands"
- No Compensation for Late Decision on VAT Refund
- VAT Exemption for STI and HPV Test Kits as Healthcare Services
- Option for VAT-Taxed Rental Invalid Where Part of the Property is Sub-Let VAT-Exempt – No Input VAT Recovery for Tenant
- Hoge Raad Confirms Justified VAT Assessments on Gold Trader (Art. 81 RO) – Failure to File “Required Returns” Reverses Burden of Proof
- VAT Exemption Applies to Self-Test Kits for STIs and HPV Offered by Commercial Provider
