Dutch VAT cut on painters to remain in place
Wednesday June 10, 2009
VAT on painting and plastering work in the Netherlands is to remain reduced, the country’s government has revealed.
Junior finance minister Jans Kees de Jager has revealed that such renovation work on homes older than 15 years will stay at six per cent, which it was reduced to before as part of efforts to boost the country’s economy.
According to Reuters, the politician also confirmed on RTL television that insulation work on homes over two years old is to be lowered from 19 per cent to six per cent.
The government is yet to confirm when the changes will be introduced, but the minister was confident about the plans.
He said: "This is good for employment in the building and construction sector but also for sustainability."
Earlier this week, Reuters revealed that the French government has made carbon credits exempt from VAT in an effort to avoid potentially fraudulent activity.