Dutch Government Plans to Increase VAT Rate to 21.4% to Fill Budget Gap

• The Dutch government plans to raise the top VAT rate to 21.4% to fill the budget gap
• This increase will affect clothing, streaming services, appliances, and cars
• The government needs to fill a budget shortfall of 1.2 billion euros
• The proposal to raise VAT will be presented to parliament next week
• State Secretary of Finance is working to gather support from coalition and opposition parties
• The decision on VAT increase will be made in spring, facing challenges in both chambers of parliament

Source: bta.bg

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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