State Secretary Van Rij of Finance has explained to the Senate why he has chosen to lower the VAT on the supply of electricity and gas by policy decision before this is regulated by law.
On 21 June 2022, the House of Representatives passed the bill for the 2022 Additional Fiscal Purchasing Power Measures Act (36088). This bill provides for retroactive effect to 1 July 2022 in order for the VAT measure to be in force in the period envisaged by the cabinet from 1 July 2022 to 31 December 2022. It is important for energy suppliers to have legal certainty with regard to the VAT rate that applies to the supplies of electricity and gas that they make on and after 1 July.
Source Taxlive
Latest Posts in "Netherlands"
- Penalty for payment of additional VAT assessment reduced due to incidental negligence
- Decree on Mediation in Securities Transactions with Instructions on the Scope of the Concept of Mediation Published
- Tax Penalty for VAT Reduced Due to Incidental Carelessness; Court Lowers Fine to €1,500
- Thrift Shops Return to Court to Challenge VAT on Second-Hand Goods
- E-invoicing and Digital Reporting for Cross-border Transactions Starting July 2030
