The Dutch parliament has accepted for review a Bill to reduce VAT on basic foodstuffs for 12 months. This would exclude catering sector – restaurants and cafes, etc.
Inflation in The Netherlands hit 8% in February 2023, up from 7.6% in the previous month. Food, increased to an all-time high of 17.9% (vs 17.3% in January) due to elevated cost of fresh vegetables.
- Original plans for energy and duties cuts as inflation rises.
- EU states reform VAT rate freedoms for economic crisis
Source: vatcalc.com
