The Dutch government has issued a release announcing a package of measures to help mitigate the consequences of rising energy prices and persistent inflation. Specific tax measures include a temporary reduction in the VAT rate from 21% to 9% on energy (natural gas, electricity, and district heating) for a period of six months beginning 1 July 2022. In addition, excise duty on petrol (gasoline) and diesel will be reduced by 21% with effect from 1 April 2022 until the end of the year (31 December 2022).
Source Orbitax
Latest Posts in "Netherlands"
- No deduction of input tax for private advisory fees shareholders
- Dutch Tax Law Clarifies Data Reporting Rules for Small Business Scheme
- Entrepreneur Bound by Settlement Agreement in Tax Reassessment Case on Luxury Watches Sales
- Tax Fraud Lessons: The Perils of Mixing Business and Personal Finances
- Financial Application Disruption at Customs Halts Payments, Urgent Payment Requests Possible
