Tax & Accounting Blog

Netherlands Pondering an Increase to The Reduced VAT Rate

Indirect Tax, ONESOURCE, Sales and Use Tax, Transaction Tax March 6, 2012

Dutch Junior Finance Minister Frans Weekers is researching the effects of increasing the country’s reduced rate of value added tax from the current 6% to 8%. The reduced rate is applied to food, hairdressers, plasterers, newspapers and the floral industry. Minister Weekers proposed a similar increase last year which was met with strong protests.

Source: Minister considers increasing low value-added tax rate to 8%