After almost four years of work in the EU Council, finance ministers adopted the so-called “General approach” to changes related to the application of reduced VAT rates. Now we are only waiting for a non-binding opinion of the European Parliament, editorial corrections and the translation of the text into national languages. Once completed, Member States will have until the end of 2024 to comply with the new rules. Piotr Leonarski, a tax advisor and attorney at B2R Law, talks about it.
Source: prawo.pl
