- Current government considering raising VAT rate from 21% to 21.4% to fill budget gap
- ONL for Entrepreneurs criticizes this as lazy solution with negative impact on economy
- Potential VAT increase would affect sectors like hospitality, retail, and tourism
- Concerns about consumers shopping in neighboring countries due to higher prices
- VAT hike could lead to price increase, lower consumer purchasing power, and demand for higher wages
- Contradicts government’s goal of improving earning capacity and business climate as stated in coalition agreement
Source: taxlive.nl
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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