How to calculate VAT when a business owner resells a used motor vehicle?
When selling both a new and used motor vehicle, BPM is considered a continuous item for VAT purposes. VAT is therefore never charged on the BPM. Therefore, to determine the amount of VAT to be charged on the sale of a used motor vehicle by an entrepreneur, the residual BPM (residual BPM) must be lifted from the sale price.
This residual BPM is calculated by deducting from the originally paid BPM the depreciation percentage BPM belonging to the used motor vehicle from the depreciation table (up to a maximum of 90%). The remaining part of the BPM may be deducted from the allowance to calculate the VAT due. If the residual BPM is higher than the selling price of the used motor vehicle, then no VAT will take place.
How can I sell a vehicle to a foreign buyer without BPM?
There are several criteria for selling without BPM:
- The vehicle must be exported to a country within the EEA (EU, Norway, Iceland and Liechtenstein);
- The vehicle must have been imported into the Netherlands on or after 16 October 2006 (either new or used is accepted);
- BPM must have been paid on the vehicle.
Take Contact on with the KCC.
Can an export transaction be undone?
Yes, an export transaction can be reversed within two weeks or six weeks. Depending on what kind of export transaction it was. Take Contact on with the KCC.