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Netherlands Boosts Tax Authority Funding

by Ulrika Lomas, Tax-News.com, Brussels

20 September 2017


The Dutch Government's Budget for 2018 will include additional funding for the country's tax authority, the Ministry of Finance has confirmed.

According to the 2018 Budget Memorandum, presented by Finance Minister Jeroem Dijsselbloem to the House of Representatives on September 19, an additional EUR75m (USD90m) will be allocated to tax authority funding in 2018. This is intended to cover system upgrades to the period to 2024.

The Budget Memorandum also shows that the Government is expecting an improvement in the its finances next year, with the Budget surplus set to increase to EUR7.8bn in 2018.

The main sources of revenue are forecast to be personal income tax (EUR55.4bn), value-added tax (EUR52.8bn), corporate tax (EUR21.8bn), and excise duties (EUR11.9bn).

TAGS: Finance | tax | Netherlands | tax authority | revenue statistics

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