VATupdate

Share this post on

Lending counts towards determining the pro rata deduction

The Amsterdam Court of Appeal has decided that interest on loans constitutes consideration for the (exempt) granting of credit and that this interest counts towards determining the pro rata deduction.

Source Taxlive

Sponsors:

VAT news

Advertisements:

  • VATupdate.com
  • VAT LG Logo
  • AXWAY - VATupdate Banner