We talked to two of the DG TAXUD architects behind the new rules and the information sharing system underpinning them about how the new system will work to help Member States recoup much-needed VAT revenues!
The Commission is aware of technical issues which have led to some businesses being unable to submit data and reports related to the EU Carbon Border Adjustment Mechanism (CBAM) and the Import Control System 2 (ICS2).
We are excited to announce the launch of the new EU Economy & Finance page on LinkedIn!
The Commission has today published its Annual Report on Taxation 2022, which highlights that EU Member States’ tax revenue has decreased for the first time since the 2009 financial crisis, while public expenditure jumped from 46.5% in 2019 to 53% in 20…
VAT: The VAT Expert Group adopted an Opinion on the Action Plan on VAT – Creating a definitive regime.
On 3 June 2022, finance ministers adopted a directive amending EU VAT legislation to extend the application period of the optional VAT reverse charge mechanism until 31 December 2026