EU finance ministers agree on rules for reducing VAT rates

Brussels – At a meeting chaired by Slovenian Finance Minister Andrej Šircelj in Brussels on Tuesday, EU finance ministers reached political consensus to upgrade the EU rules on reduced VAT rates, updating the list of goods and services for which reduced rates or exemptions are allowed. The new rules in the form of an EU directive give member states more flexibility to choose which products will be subject to reduced, super-reduced or zero VAT rates, but not to the extent proposed by the European Commission in January 2018. The directive…

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