VAT news tagged as "Standard"

Netherlands

Netherlands told by IMF to implement single VAT rate

December 26th, 2014

The Dutch VAT rates have come in for criticism from the International Monetary Fund (IMF). It has recommended that the Netherlands merge the current standard VAT rate of 21% with the reduce VAT rate of 6%. The suggestion is aimed at reducing the administrative burden on maintaining two rates, but also to eliminating the distortions …