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Attorney Villy Lopman introduces new Value Added Tax practice
Attorney Villy Lopman introduces new Value Added Tax practice
On 12 June 2014, the Supreme Court issued a judgement (case No. 3-3-1-25-14) regarding the problem of notifying the tax authorities of VAT to be included in the alienation of immovable property.
The case emphasises once again that VAT issues in respect to immovable property are only simple at first glance. It also seems that it is one of the most underrated issues in tax law, which many people come across daily without any ill expectations. However, the fact that the risk of misconduct is high and dispute outcomes cannot be foreseen should be taken into account.
The case emphasises once again that VAT issues in respect to immovable property are only simple at first glance. It also seems that it is one of the most underrated issues in tax law, which many people come across daily without any ill expectations. However, the fact that the risk of misconduct is high and dispute outcomes cannot be foreseen should be taken into account.