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VAT Corrections for Gold Trader: Court Rules

  • X VOF buys scrap gold and exports it to Dubai for melting
  • New jewelry is sold to jewelers and individuals
  • Inspector claims that X VOF did not declare all sales
  • Dispute over VAT assessments from 2012 to 2015
  • Court rules that X VOF did not file the required VAT returns
  • Inspector’s corrections are deemed reasonable
  • X VOF incorrectly applied zero rate and reverse charge mechanism in many cases
  • 2012 assessment is annulled due to violation of defense principle

Source: taxlive.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.

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