1 October 2012
On 1 October 2012 the House of Representatives proposed an amendment to the Dutch Budget for 2013. This includes a proposal to more than double the rate of Insurance Premium Tax from the current rate of 9.7% to 21%, which would bring the rate of IPT in line with the VAT rate which increased from 19% to 21% on 1 October 2012.
Assuming the measure is adopted FiscalReps understand the new rate could apply from 1 January 2013.
We will issue a further alert as soon as more information becomes available.