On 5 April 2022, the EU Finance Ministers (ECOFIN) formally adopted the new VAT rates Directive, which is designed to modernise the nearly 30-year old rules and align them with common EU priorities, such as combatting climate change, supporting digitalisation and protecting public health (for prior coverage, see the article in the January 2022 issue of Indirect Tax News). The changes have been published in the Official Journal and are effective as from 6 April 2022.
Source: BDO
