Services rendered by incorporated company directors and liquidators will be subject to VAT as from 1 January 2015.

This stems from the fact that the former tolerance to opt for non-taxation will be cancelled as per 1 January 2015.

This may have consequences for entities without a full VAT deduction right and for which services rendered by these incorporated company directors and liquidators will become more expensive due to this change.

In some cases these cost increases can presumably be avoided.

For more information, please do not hesitate to contact your local PwC adviser.