IMF Pushes For Single Dutch VAT Rate.
In its 2014 Article IV consultation report for the country, the IMF welcomed the Government’s planned reform of the tax system, but it said that consideration should be given to reducing VAT distortions and the labor tax wedge, and extending tax allowances to corporate equity.
The IMF has said that Dutch authorities should implement reform measures to amalgamate the nation’s 21 percent headline rate and its 6 percent reduced rate, which currently applies to foodstuffs, books, and pharmaceuticals, among other items.
– See more at: http://www.tax-news.com/news/IMF_Pushes_For_Single_Dutch_VAT_Rate____66675.html#sthash.Rs7o9zIv.dpuf
Latest Posts in "Netherlands"
- Mandatory E-Invoicing in the EU: What Does ViDA Mean for Your SME Clients?
- Dutch Tax Authorities Announce Major Changes to 13th Directive VAT Refund Procedure
- ViDA E‑Invoicing and Digital Reporting in the Netherlands: Strategic Choices and Phased Timeline to 2032
- VAT OSS in the Netherlands: Managing Multi-Channel Marketplace Sales and Bookkeeping Challenges
- Cabinet Response to ViDA E-Invoicing and Digital Reporting Report Sent to House of Representatives
