According to recent reports, the Netherlands is currently considering a significant reduction in the scope of goods and services subject to the reduced value added tax (VAT) Rate. The standard VAT rate in the Netherlands is 21%, and the reduced rate is 6%. The reduced rate currently applies for a number of goods and services, including basic foodstuffs, books, bicycles, certain pharmaceuticals, hotel accommodation, agricultural inputs and related services, restaurant and catering services, and others. If the plan being considered is implemented, the reduced rate would only apply to basic foodstuffs.