VATupdate

Share this post on

Proposal for Revision of VAT Reversal on Real Estate Services: A Unwelcome Improvement

  • Proposal for introducing a VAT revision on services related to real estate
  • Aimed at combating short-stay structures in real estate
  • Short-stay rentals are subject to VAT, allowing for VAT deduction on renovation costs
  • Proposal for revision on services has been considered by the Ministry of Finance for some time
  • Previous proposals for VAT revision on services were not EU-compliant and were withdrawn
  • Proposal for VAT revision on costly services was also withdrawn in 2017
  • Focus on implementing a staggered revision on investment services to eliminate short-stay structures in 2020

Source: ndfr.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.

Sponsors:

VAT news

Advertisements: