Turnover and transfer tax

Turnover tax, also referred to as value added tax (VAT), is often dismissed as a simple tax. However, nothing could be further from the truth. The rules relating to VAT are always changing due to new legislation based on EU regulations and a lot of national and European case law.

Or what about real estate transactions? Is the sale of real estate subject to VAT or exempt from it? Or is the transaction subject to transfer tax and/or VAT?

These are complex questions with answers that strongly depend on the actual situation. Seeking advice in good time is important if you run into these questions.

• mr. W. (Willem) Schutte
• J. (Joyce) Westerveld