On September 20, 2023, the Secretary of State informed the Dutch Parliament about planned changes in tax and collection interest rates. As part of the spring decision-making, the government has decided to revise the tax and collection interest rate percentages. The initial step involves narrowing the differences between the percentages compared to the current system. The interest rate for “other tax categories” will be established as the ECB interest rate for main refinancing operations plus 3 percentage points, rounded to the nearest half percentage point. A minimum of 4.5% will also apply. Like the previous rate, this interest rate will be determined annually based on the last published ECB interest rate before October 31 of the year and will take effect on January 1 of the following year. This change results in a 0.75 percentage point increase in the interest rate for other tax categories, with an expected rate of 7.5% as of January 1, 2024. The collection interest rate for all tax categories and allowances will be set at 4%.
Source: futd.nl
Latest Posts in "Netherlands"
- Full cost reimbursement of objection after careless imposition of additional VAT assessment
- Magic Truffles, Antacid Tablets, Chewing Gum, and VAT: What Qualifies as a Food Product?
- Late objection to additional VAT assessment remains inadmissible
- Municipal Entrepreneurs’ Fund Not Eligible for VAT Deduction Due to Non-Compliance with Approval Conditions
- Knowledge group position: VAT reverse charge mechanism applicable to contractor activities
