The Netherlands could face a financial setback of €193m as a result of errors with European Union subsidies, says the national audit office in a report on Thursday.
Holland will probably have to pay back €155m received between 2000 and 2006 for regional development and refund around €48m for value-added tax which was declared twice on EU projects, the report says.
The Netherlands paid €6.3bn to the EU in 2007 and received €1.9bn back in subsidies, making it the third largest net contributor after Germany and Britain, according to the audit office.
To read the whole report (in Dutch), click here
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