Dutch sector ‘faces €350m loss’ over tax hike
Trade bodies have warned of a "negative domino effect" from the government's plan to raise the VAT rate for the cultural and creative market
News By James Hanley | 13 September 2024
The Netherlands’ creative sector faces a “disastrous” annual loss of €350 million in income as a result of the government’s cultural policy, it has been claimed Trade body…
Kunsten ’92 says the government’s plan to raise the tax rate for the cultural and creative market by 12 percentage points from 2026 – in addition to reductions in municipal and government subsidies – will have a “negative domino effect” on the Dutch industry.
The warning follows analysis commissioned by private financiers, municipalities and the…
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