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Schools to receive compensation for higher VAT on school books in 2024 budget announcement.

  • Schools will receive compensation for the higher VAT on school books
  • The government wants to ensure that schools continue to invest in improving reading, writing, and math
  • Vocational education will also receive compensation for providing learning materials for students under 18
  • The VAT on books will increase from 9% to 21%
  • Various education organizations have requested an exception for learning materials, estimating an additional cost of 60 million euros per year.

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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