Budget Day 2022: VAT and customs

On Budget Day 2022, the plans for the coming year were officially announced. Mazars has listed the most important (tax) proposals from the 2023 tax package. What will change for you?

Vat reduction from 21% to 0% for the supply and installation of solar panels

As of 1 January 2023, the supply and/or installation of solar panels will be taxed at 0% VAT rate. As of now, the supply and/or installation of solar panels is still taxed at 21% VAT.

This VAT reduction was made possible through the introduction of the so-called "rates directive" at EU level. Apart from the possibility of applying a 0% VAT rate on solar panels, the rates directive also provides opportunities for VAT rate adjustments on other goods and services. The government is for instance also considering introducing a 0% VAT rate on fruit and vegetables. For a further explanation regarding the introduction of the rates directive, please refer to our previously written article where it is discussed more detailed.

Want to know more?

Would you like to know more about the Tax Plan 2023, the proposed changes and what this means for you? Then please contact Eline Polak by e-mail or by phone: +31 (0)88 277 23 25 or Ronald Plat by e-mail or by phone: +31 (0)88 277 14 16. They will be happy to help you.

More information?