- The parliaments of the different countries must also approve the structure of the new VAT rates included in the general orientation agreed by Ecofin on December 7, which gives more flexibility and autonomy to the states. See also Ecofin report to the European Council on tax issues
The regulatory framework that will regulate the VAT of the new digital economy and the approval by the parliaments of the different countries of the new VAT rates agreed by the Council for Economic and Financial Affairs of the European Union (Ecofin) on December 7 will be the main novelties that will affect this tax for the year 2022 at the European level, according to Fernando Matesanz, managing director of Spanish VAT Services Asesores, a firm specialized in tax advice exclusively in the field of this tax.
Source lawandtrends.com
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