State Secretary confirms VAT increase on sports, working on minimizing impact on athletes.

• State Secretary of Sport Vincent Karremans considers the estimated budget cuts on sports of at least 45 million euros annually by NOC*NSF premature
• He is still working on the implementation of the agreements from the main agreement, which includes a VAT increase from 9 to 21 percent on sports participation and match attendance
• Karremans is in discussions with NOC*NSF and other stakeholders to find a responsible way to implement the VAT increase
• The details of the main agreement implementation are still being worked out and will be clearer around the presentation of the budget on Prinsjesdag on September 17th.

Source: fiscaalvanmorgen.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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