VATupdate
VATupdate VAT GST sales tax Netherlands

Share this post on

Compromise Reached: VAT Increase Temporarily Off the Table – FD News, 19 Nov 2024

  • The government and coalition are looking for an alternative to the proposed VAT increase on sports, culture, media, and accommodation
  • Opposition parties CDA, D66, ChristenUnie, and SGP agreed to support the Tax Plan 2025 after receiving assurances from Minister Eelco Heinen
  • The VAT increase was a major point of contention in the Tax Plan, putting its passage at risk
  • Minister Heinen agreed to only implement the VAT increase if a suitable alternative is found collectively
  • Other concessions were made, including more tax benefits for single-income households and increased tax deductions for donations
  • The opposition parties agreed to support the Tax Plan, except for GroenLinks-PvdA, who opposed the concessions
  • The new agreement and search for an alternative will likely be overseen by the new State Secretary Tjebbe van Oostenbruggen

Source: nextens.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.

Sponsors:

VAT news

Advertisements: