Netherlands MOF Seeks Comments on Draft Bill for VAT Revision Regime on Services to Immovable Property

The Dutch Ministry of Finance March 5 opened a consultation on a draft bill to expand the revision regime for advance deductions of VAT, to discourage undesirable tax-saving structures with short-term rentals. The revision regime currently applies to movable and immovable capital goods. The bill includes measures to: 1) expand the revision regime to include services exceeding 30,000 euros (US$32,693) provided to immovable properties, including renovations and major maintenance; 2) allow the revision for each of the four years following the year the services began; and 3) include a transitional provision for a Jan. 1, 2026, effective date to allow ...