The Netherlands announces reduced VAT rate

The Netherlands has announced a reduced VAT rate rise from 6% to 9% to pay for income tax rate cuts and band simplifications.

The Dutch will reduce the number of income tax bands from 4 to 2, and the rates combined to benefit over 500,000 income tax payers. The reduced VAT rate rise will be levied on: basic foodstuffs, books, hairdresser services, swimming pool entrance, medicines, art, antiques, and entry to museums zoos, theatres and sports, along with a variety of other services.
This reduced VAT rise will be implemented 1st January, 2018.

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