How much residual BPM is there on this vehicle?
How can I sell a vehicle to a foreign buyer without BPM?
There are several criteria to be able to sell 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 (new or used accepted);
- BPM must have been paid on the vehicle.
Take Contact Stop met het KCC.
Can an export transaction be reversed?
Yes, an export transaction can be reversed within two weeks or six weeks. Depending on what type of export transaction it was. Contact Stop met het KCC.
How do you calculate VAT on the resale of a used motor vehicle by a business?
When selling both new and used motor vehicles, BPM is considered a continuous item for VAT purposes. Therefore, VAT is never calculated on BPM. To determine the amount of VAT to be charged on the sale of a used motor vehicle by a business, the remaining BPM (residual BPM) must be extracted from the selling price.
This residual BPM is calculated by subtracting the depreciation percentage of the BPM that belongs to the used motor vehicle from the original BPM paid, taken from the depreciation table (with a maximum of 90%). The remaining part of the BPM may be deducted from the reimbursement for the calculation of the VAT due. If the residual BPM is higher than the selling price of the used motor vehicle, no VAT will be levied.