VAT news tagged as "Article 23"

Netherlands

Netherlands reduces VAT bank guarantees for importers

January 15th, 2014

The Netherlands has changed the methodology for the calculation of Dutch import VAT deferment bank guarantees, including setting maximum and minimum amounts. Dutch Article 23 VAT Deferment License Importers into the EU via the Netherlands may avoid the payment of Dutch import VAT at 21% through a highly attractive VAT deferment scheme. Known as an …