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
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