Netherlands | Tungsten Network https://www.tungsten-network.com The journey to world-class starts here. Wed, 06 Jul 2022 12:14:39 +0000 en-GB hourly 1 https://wordpress.org/?v=5.9.3 Incentive to cut VAT on fruits and vegetables https://www.tungsten-network.com/compliance-overview/country-updates/country/netherlands/incentive-to-cut-vat-on-fruits-and-vegetables/ https://www.tungsten-network.com/compliance-overview/country-updates/country/netherlands/incentive-to-cut-vat-on-fruits-and-vegetables/#respond Wed, 06 Jul 2022 12:14:39 +0000 https://www.tungsten-network.com/compliance-overview/country-updates/country/%country%/incentive-to-cut-vat-on-fruits-and-vegetables/ Coalition parties have been putting forward the proposal to reduce VAT on fruits and vegetables. As we have seen with ‘green’ initiatives both in Europe and globally, fiscal measures are often intrinsically linked to social and political reforms. Coalition parties in the Netherlands are hoping that reducing VAT will help curb obesity and other health-related […]

The post Incentive to cut VAT on fruits and vegetables first appeared on Tungsten Network.]]> Coalition parties have been putting forward the proposal to reduce VAT on fruits and vegetables.

As we have seen with ‘green’ initiatives both in Europe and globally, fiscal measures are often intrinsically linked to social and political reforms. Coalition parties in the Netherlands are hoping that reducing VAT will help curb obesity and other health-related illnesses in the country.

Proposals for a reduced rate are yet to be carved into law and are currently being discussed.

Tungsten Network is continually reviewing tax rate changes in Europe. The Tungsten Web Form facility currently includes the option to select all valid Dutch VAT rates. We will ensure that any new valid VAT rates, if applicable, will be integrated as part of our portal solution.

The post Incentive to cut VAT on fruits and vegetables first appeared on Tungsten Network.]]> https://www.tungsten-network.com/compliance-overview/country-updates/country/netherlands/incentive-to-cut-vat-on-fruits-and-vegetables/feed/ 0 VAT reduction for energy, natural gas and electricity and district heating https://www.tungsten-network.com/compliance-overview/country-updates/country/netherlands/vat-reduction-for-energy-natural-gas-and-electricity-and-district-heating/ https://www.tungsten-network.com/compliance-overview/country-updates/country/netherlands/vat-reduction-for-energy-natural-gas-and-electricity-and-district-heating/#respond Thu, 28 Apr 2022 07:31:49 +0000 https://www.tungsten-network.com/compliance-overview/country-updates/country/%country%/vat-reduction-for-energy-natural-gas-and-electricity-and-district-heating/ Rising inflation across Europe has forced many countries to assess the deployment of VAT rates, particularly in relation to energy. Netherlands is no exception, and a combination of socio-economic factors has meant that the government has addressed ways it can compensate low- and middle-class families affected by rising costs. To this effect, the VAT on […]

The post VAT reduction for energy, natural gas and electricity and district heating first appeared on Tungsten Network.]]> Rising inflation across Europe has forced many countries to assess the deployment of VAT rates, particularly in relation to energy.

Netherlands is no exception, and a combination of socio-economic factors has meant that the government has addressed ways it can compensate low- and middle-class families affected by rising costs.

To this effect, the VAT on energy will be reduced from 21% to 9%.

The post VAT reduction for energy, natural gas and electricity and district heating first appeared on Tungsten Network.]]> https://www.tungsten-network.com/compliance-overview/country-updates/country/netherlands/vat-reduction-for-energy-natural-gas-and-electricity-and-district-heating/feed/ 0 Joint incentive to reduce the VAT gap https://www.tungsten-network.com/compliance-overview/country-updates/country/belgium/joint-incentive-to-reduce-the-vat-gap/ https://www.tungsten-network.com/compliance-overview/country-updates/country/belgium/joint-incentive-to-reduce-the-vat-gap/#respond Thu, 28 Apr 2022 07:24:03 +0000 https://www.tungsten-network.com/compliance-overview/country-updates/country/%country%/joint-incentive-to-reduce-the-vat-gap/ Belgium, Netherlands, and Luxembourg representatives have convened to discuss plans to reduce the VAT gap. Although Continuous Transaction Controls (CTC) have proven to be extremely popular in the past few years, with a means to reducing the VAT gap, the VAT gap remains high- 134 million Euros was lost in revenue the EU in 2019. […]

The post Joint incentive to reduce the VAT gap first appeared on Tungsten Network.]]> Belgium, Netherlands, and Luxembourg representatives have convened to discuss plans to reduce the VAT gap.

Although Continuous Transaction Controls (CTC) have proven to be extremely popular in the past few years, with a means to reducing the VAT gap, the VAT gap remains high- 134 million Euros was lost in revenue the EU in 2019.

Shared borders and economic interests between the 3 countries have prompted the countries to work together to reduce this gap yet further- a key factor in the implementation of e-invoicing mandates.

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