7 July 2023 - On April 14, 2023, the Supreme Court ruled that services such as budget managment, mediation and advisory services, and protective administration do not qualify for the social-cultural VAT exemption within the context of debt counseling. Although these services are classified as social work, they are not exempt from VAT.
With our publication Dutch GAAP versus IFRS Accounting Standards we provide insight into the financial reporting provisions in the Netherlands (Dutch GAAP) and the main similarities and differences with IFRS Accounting Standards for annual periods beginning on or after 1 January 2025.
As 2024 year-end closing approaches, Beyond the GAAP presents our traditional overview of the texts published by the IASB, taking account of their endorsement process at European level. We have identified those texts that are mandatory, as well as those that are optional at this year-end.
In 2023 / 2024, we, together with our people, have once again committed ourselves to living up to and further developing our quality vision ‘Trust through Quality’. Quality and reputation are crucial for the role and responsibility of accountants in society and also for the survival and further development of Forvis Mazars.
Do you want to ensure that you make optimum use of VAT and customs legislation, while not running any unnecessary risks? The specialists of the Forvis Mazars VAT and Customs Group will be happy to help.