Simplified Procedure for Refund of Dutch VAT on Bad Debts
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As per January 1st 2017, tax legislation came into effect including an amendment to simplify the VAT refund procedure for VAT paid related to wholly or partially irrecoverable trade receivables (bad debts). Under the old legislation, the rules regarding the VAT refund on bad debts were considered complicated and time-consuming by both businesses and the tax authorities.