On June 28, 2022, the Senate passed the Additional Fiscal Purchasing Power Measures Act 2022. This law regulates the reduction of the VAT rate on energy from the general rate (21%) to the reduced rate (9%) as of July 1, 2022, and the reduction of the fuel excise tax by 21% with retroactive effect as of April 1, 2022. The purpose of these temporary purchasing power measures is to dampen the effects of the current price increases for consumers as a result of the energy crisis.
Source: KPMG NL
Latest Posts in "Netherlands"
- No Excuse for Unpaid VAT Without Filing Invitation; Fine Upheld but Reduced to €1,500
- Netherlands Issues Guidance on VAT Exemption for Intermediation in Securities Transactions Effective October 2025
- No VAT Deduction for Exempt Rental by Partnership to BV, Court Den Bosch 2025
- 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
