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Cabinet to Proceed with VAT Increase for Culture, Media and Hotels Despite Protests

  • Despite mass protests, Kabinet-Schoof plans to increase VAT rates for hotels, books, sports events, festivals, and gyms
  • The new government believes the 2.2 billion euros raised from the VAT increase is necessary
  • The book sector continues to oppose the plan and asks for an exception to be made for books
  • Negotiations are ongoing for the upcoming budget presentation on Prinsjesdag
  • Premier Schoof is optimistic about reaching an agreement with coalition party leaders
  • Adjustments to the budget, if needed, will be discussed during the Algemene Politieke Beschouwingen

Source: taxlive.nl

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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