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Businesses Unfazed by VAT Measures, Concerned about Personal Finances: Survey Results 2024

  • About a third of businesses believe that the planned VAT measures by the government will have some or a significant impact on their revenue or industry
  • 56% of respondents think that the VAT measures will affect their personal finances
  • The government plans to increase VAT on culture, books, newspapers, sports, and hotel stays from 9% to 21% in 2026 to generate extra tax revenue
  • Different sectors expect varying impacts from the VAT measures, with culture, sports, and recreation feeling the most affected
  • Younger respondents expect more impact from the VAT measures compared to older respondents
  • Many businesses fear a negative impact on their competitive position in the Dutch and European markets due to the VAT measures
  • Overall, businesses are pessimistic about the impact of the planned VAT measures on their personal finances, with 56% expecting some or significant influence.

Source: fiscaalvanmorgen.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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