- EU Finance Ministers to convene in Brussels on 10 December for their final meeting during the Hungarian Presidency of the Council of the EU
- The ECOFIN Council is expected to approve a proposal for an electronic VAT exemption certificate for certain export transactions under the VAT Directive
- The proposal will replace the current paper certificate that requires a handwritten signature
- Amendments to the proposal include limiting the electronic certificate’s mandatory use to cross-border transactions between two Member States where exemptions are not via refunds
- Key elements of the future electronic certificate are outlined in a note
- The transition to the new electronic system has been delayed and the implementation period shortened
- New rules are set to be effective from 30 June 2031, pushed back from 2026
- Member States can use the paper version until 30 June 2032, extended from the original 2030 deadline
Source: etaf.tax
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.
