Dutch Finance Minister Withdraws VAT Increase on Culture and Sports Amid Opposition Pressure
The proposed VAT increase on theaters, museums, books, and sports set for 2026 has been retracted following pressure from opposition parties in the Dutch Tweede Kamer. Without their support, the proposal lacked majority backing in the Eerste Kamer. Finance Minister Heinen must now seek alternative revenue sources, totaling €1.3 billion, excluding VAT increases on lodging and hotels. The Tax Plan, crucial for state revenue management, requires immediate voting and subsequent handling in the Eerste Kamer by year’s end to accommodate the new regulations.