- ABN Amro reports that the government is overestimating the revenue from a planned VAT increase on hotel stays
- The coalition plans to raise the VAT rate on overnight stays from 9% to 21% starting in 2026
- The government expects to generate 1.2 billion euros in tax revenue from this increase, but ABN Amro believes this estimate is too high
- The bank estimates that only 34.8% of the total hotel revenue will be affected by the VAT increase
- The government may face additional challenges as hotels could become unprofitable and lose revenue from other sources like tourist taxes and property taxes
- Overall, the VAT increase could lead to significant losses for hotels, other lodging providers, local businesses, and governments
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.
