VATupdate
the Netherlands

Share this post on

Netherlands to Lower Energy Taxes and Cancel VAT Hike in Culture and Sports Sectors

  • The Dutch government will cancel a planned VAT increase in culture, media, and sport sectors.
  • Energy bill levies will be reduced.
  • The Spring Memorandum cites high inflation and a focus on defense and security as reasons.
  • Finance Minister Eelco Heinen describes the measures as a solid and good package.
  • Lowering energy taxes will save 200 million euros annually.

Source: news.bloombergtax.com

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.

Sponsors:

VATIT Compliance
VAT news

Advertisements:

  • Pincvision