- EU Parliament’s finance committee questions use of reduced VAT rates during crisis
- ECON is concerned that temporary VAT reductions had limited impact on end consumers
- Companies may have increased profit margins due to these reductions
- ECON calls on European Commission to review this area further
- Many countries temporarily cut VAT rates on basics during COVID and inflation spike crises
- IMF and OECD have criticized VAT reductions in recent reports
Source: vatcalc.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.
Latest Posts in "European Union"
- ECJ/General Court VAT Cases – Pending cases
- ECJ VAT Cases decided in 2025
- ECJ C-726/23 (Arcomet Towercranes) – Judgment – Transfer Pricing Adjustment for intra-group services subject to VAT; documentation required
- Public Consultation on Tobacco taxation – excise duties for manufactured tobacco products
- ViDA Assessment Checklist: 28 key questions for evaluating vendors
