The Dutch governmental budget agreement, also known as the “Spring Agreement,” includes the decision to reinstate the reduced value added tax (VAT) rate of 6% for performing arts and pieces of art, instead of the general VAT rate of 19%. The Secretary of State has now—ahead of a yet to be submitted draft law—approved that the reduced rate can be applied from 1 July 2012. The description of the services and supplies that this reduced rate applies to is exactly the same as in the law that previously expired. The “old” supplements to the text in the expired law have also been declared applicable again, thus fully restoring the situation as it was before the rate increase.
To prevent ticket sales for the shows involved from coming to a standstill, until 1 July 2012, the Secretary of State has also approved that tickets sold after 25 May 2012 and for which the show itself takes place after 30 June 2012, the reduced VAT rate can also be applied.
TECHNICAL INFORMATION CONTACT:
Suzanne C. den Breems
Principal
Ryan
+31 (0) 72 540 1202
suzanne.denbreems@ryan.com
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- Suzanne C. den Breems
- Europe