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LV
LV is the abbreviation for agricultural company ("landbouwvennootschap").

The agricultural company is a very specific type of organisation for the purpose of operating an agricultural or horticultural business.

An agricultural company is automatically subject to the personal income tax if:

  • it counts fewer than three partners
  • or if its capital is below € 30.950

In other instances, the company may select to pay personal income tax or, conversely, corporation tax.