Dutch VAT Changes To Take Effect From January 1, 2018
by Ulrika Lomas, Tax-News.com, Brussels
28 December 2017
The Dutch Government has confirmed changes to the value-added tax regime that will take effect from January 1, 2018.
First, rules will become more strict with regards to medicines' eligibility to the reduced VAT rate of six percent. Products not recognized as medicines will be subject to the standard rate of VAT of 21 percent, such as toothpaste, shampoo, and sunscreen, the Dutch Government said.
As announced in September 2016, the VAT Agricultural Scheme will be abolished from the new year. This had previously exempted those engaged in agriculture sector businesses from VAT but restricted their right to claim input tax credits. Businesses could opt out and few decided to remain in the scheme. From January 1, 2018, they will be subject to normal VAT rules.
To see today's news, click here.
Tax-News Reviews
A review and forecast of Cyprus's international business, legal and investment climate.
A review and forecast of Malta's international business, legal and investment climate.
A review and forecast of Jersey's international business, legal and investment climate.
A review of the latest budget news and government financial statements from around the world.
Stay Updated
Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.
By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.
To manage your mailing list preferences, please click here »
Network Blogs and Features
- Ireland Succumbs To Election Fever... »
- Reforms Continue Apace, Offshore Centers Muscle In... »
- Festive Break? Not so much... »
- How to start a business in Wyoming? »
- Election Ends British Brexit Battle »
- Open A Corporate Bank Account in Hong Kong - Guide »
- North America Presses On With Tax Reforms »
- Digital Take Center Stage... »
- Budgets Bypass Manifestos, Manifestly »
- Reforms Continue Apace... »