“DNB gives banks more leeway to accept cash", read the headline of a Financieel Dagblad article on June 27. Banks, De Nederlandsche Bank and business organizations agree that genuinely legitimate cash transactions by entrepreneurs shouldn’t automatically be deemed suspicious. The paper points out that there are numerous lawsuits in which banks have wrongly closed an entrepreneur’s account, often in cases where cash was involved. Banks themselves (via the Dutch Banking Associa

On June 10, the Dutch Tax Authority confirmed that BPM refunds remain possible for vehicles registered in Germany for a short period. The law does not impose any requirements on the duration of the registration in Germany. This is a clarifying development for anyone involved in car exports. Clear rules boost trade For export-supporting organizations such as @Vinacles and @VDS, this is good news. Clear rules promote cross-border trade and make their services more relevant. Art

Novatrade24 has been featured by the media, and we welcome this attention! In these reports, we are highlighted as a platform that helps protect the automotive trade against VAT fraud and money laundering practices. Novatrade24 serves as a defense against false accusations of complicity in criminal activities. Although the platform could theoretically be used for this purpose, its potential and mission reach far beyond that. Our guiding principle: traders have good intentions

High time to clear our international trade routes With more than 1.7 million used cars sold in the Dutch market, you might wonder why we should promote car trade at the European level. Yet, smoothing import and export flows benefits both the market and our wallets. Law of supply and demand When you look at the used car market through a European lens, it’s clear that supply and demand aren't balanced on a national level. In March, AutomobilWoche reported that plug-in hybrids i

The automotive sector must clean its own house — and put an end to VAT carousels and money laundering within the chain Despite the European Union’s good intentions, many entrepreneurs experience the burden of strict laws and regulations designed to combat crime. In short: one small mistake in your bookkeeping can lead to a raid by the tax authorities and hefty fines. Not necessarily because you’ve done anything wrong — but because your buyer abroad, without your knowledge, ha

For years, cross-border used car trading in the EU has been full of potential but also full of risks. While the free movement of goods should open doors for car traders, the reality is often different. Trade without borders, or without certainty? Fraud, VAT compliance issues, and anti-money laundering regulations create a landscape where traders must navigate complex legal obstacles before they can even close a deal. A missing document, an unchecked partner, or an unexpected