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Hungary Proposes New Options for EU VAT Bill Advancement amid Estonian Blockade

  • Hungary will present new options to advance negotiations on an overhaul of the EU’s value-added tax regime
  • Two potential solutions will be discussed: allowing a derogation for Estonia or easing obligations on small
  • and medium-sized enterprises
  • EU countries will discuss the bill on October 15 with the aim of getting it approved in November
  • Estonia is currently the only country blocking the bill

Source: news.bloombergtax.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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