Tuesday, May 26, 2015 - 18:43
Dutch tax owed to EU goes up another €133 million
The Netherlands owe even more money to the EU in additional tax than previously thought, reports Telegraaf. The amount due is estimated at 133 million euros, which comes on top of 1.1 billion euros already paid in additional taxes to the European Union last year. This figure is from a finalized budget act that the government sent to the parliament last week. The act contains the most recent amendments to the national budget. Today Finance Minister Jeroen Djisselbloem and Prime-Minister Mark Rutte are having a debate with the Tweede Kamer, the lower house of Dutch parliament, about the financial performance in the last year. Opposition party CDA is demanding answers from the government on not attempting to renegotiate the extra amount due. Last year, the Netherlands received a large retrospective increase in tax due from the European Commission. This happened because authorities revised the economic growth estimates for 2011 and 2012. The amount of taxes paid to the EU depends on the size of a country's economy.