May 2024

VAT Deferment in the Netherlands

In order to facilitate trade and bring down the administrative and financial burden for Dutch companies, the Dutch government made it possible for Dutch companies to make use of the so called ‘postponed accounting’ or VAT deferment. Under this system, VAT does not have to be paid at the moment of importation; instead, it can be postponed to the periodical VAT return. On this periodical return, the postponed import VAT is declared, but at the same time can also be deducted. This results in considerable cash flow and interest-earning benefits for companies importing into the Netherlands.

Contact Prolimax if your company is planning European business. We can support you from our Operations Centre in Nijmegen.

Ref: HIDC