- The government plans to increase the VAT on overnight stays in hotels and other accommodations from 9% to 21%
- ABN AMRO calculates that the government may overestimate the revenue from this measure
- Only 34.8% of the total revenue of hotels is expected to be affected by the VAT increase
- The government may face further setbacks as hotels may incur losses and other accommodation providers may see a decrease in profits
- Local governments may also lose revenue from tourist taxes and property taxes due to a decrease in overnight stays
- A decrease in overnight stays may also impact local restaurants and businesses that rely on tourism for income
Source: nu.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.
