Input tax credit review
The value-added tax component of operating assets qualifies for deduction in proportionality to the degree in which said assets are deployed in support of value-added tax charged activities. Deductions of (all or some of the) value-added tax in the past call for a review in so far as the degree of deployment in support of value-added tax charged activities has changed. Depreciable immovables are subject to a review period of nine years each with effect from the year following that in which the property in question was first taken into use, compared with four years each with effect from the year following that of the asset first being taken into use for depreciable movables. The corresponding adjustment is required to be included in the final turnover tax return for the year.
Dutch version: Herziening aftrek voorbelasting