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.
amavat® provides a one-stop-shop solution for VAT Compliance within Europe. We assist clients with a single point of contact that speaks their language and handles all VAT related issues with a standard and cost efficient approach.
If you have any queries or questions, please do not hesitate to contact amavat®.
To find out more information please visit www.amavat.eu