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Temporary reduction in fuel excise and VAT on energy

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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