Council reaches agreement on updating rules for VAT rates

Published on: 08 December 2021

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Specialist Tax Regulatory Materials

Article summary

The Council of the European Union has reached an agreement on a proposal to update the rules for value added tax (VAT) rates for goods and services. The proposal offers Member States more flexibility and equality supporting the EU’s green, digital and public health priorities. The Council of the EU awaits the European Parliament’s opinion on the proposal to formerly adopt the new directive by March 2022.

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