On 7 April 2022, the European Commission published its Screening and Diagnostic Report of Value-Added Tax (VAT) Administration in the EU containing a series of recommendations to help Member States improve their VAT revenue collection, control procedures and processes.
Fair and efficient taxation is crucial as the EU and the global community seek to recover from the fallout of the COVID-19 crisis. VAT, in particular, accounts for around 7% of EU GDP and is one of the biggest revenue sources for Member States.
Source ec.europa.eu
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