Reappraisal of input tax credit

The value-added tax on operating assets qualifies for deduction to the extent that the assets in question are used in aid of performances that are liable for value-added tax. Your past deduction of (some or all of) the value-added tax on operating assets may call for reappraisal depending on whether the degree of use in connection with taxed performances has changed. A nine-year reappraisal term from the year following that during which the asset was first taken into use applies to immoveable assets and one of four years following that during which the asset was first taken into use, to moveable assets.

You should incorporate the relevant reappraisal in your final turnover tax return for the year.

Dutch version: Herziening aftrek voorbelasting 2019