3 November 2014

The Dutch Court of Audit recently found that the increase in the IPT rate to 21.0% levied EUR 70 million less than forecast. The increase was originally implemented as part of the austerity budget by the government in power.
As such the tax authorities collected EUR 1.2 billion IPT in 2013 as a result of the 1 January 2013 rate increase. The 2013 IPT shortfall amounted to around 4.0% of the IPT revenue forecast.
There are no indications as to what the Dutch government may do to address the shortfall, although at this time greater enforcement of IPT collection or a further increase in the IPT rate cannot be ruled out.