- EU should aim for a single value-added tax rate across the bloc
- A group of trade associations, companies, and academics recommend this change
- The EU VAT Expert Group released a report suggesting this to simplify administration
- They believe a single rate aligns with the EU’s goal of a unified VAT area
- The report advises the European Commission to standardize VAT rules across EU countries
- Future law proposals should have identical wording and implementation in all member states
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.
