- The Dutch Tax Authorities are exploring real-time taxation for VAT payments
- The system automatically calculates and transfers VAT at the moment of payment
- This eliminates the need for quarterly filings and aims to reduce administrative burdens
- The innovation is described as the “holy grail of taxation”
- Further studies are being conducted for potential implementation
Source: fiscal-requirements.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.
