The Dutch Ministry of Finance has published a letter to parliament on options to cover the budget shortfall that will result from the cancelation of the planned increase in the VAT rate from 9% to 21% on supplies related to culture, media, and sports. This was approved from 2026, but the government agreed to maintain the 9% rate if alternative amendments are made. In this respect, the letter outlines potential solutions, including eliminating specific reduced VAT rates on certain goods and services, raising either the reduced or standard VAT rate, or a combination of the two. A move towards a...