- Netherlands Ministry of Finance released updated draft bill for public consultation on changes to VAT on immovable property services
- Includes properties with renovations, repairs, and maintenance expenditures exceeding EUR 30,000
- Current VAT rules allow recovery at end of financial year, draft introduces new VAT adjustment scheme
- Further clarifications expected on Budget Day as part of 2025 Tax Plan
- Proposed regulations to take effect on 1 January 2026
Source: regfollower.com
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.
