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, an…