- European Commission proposes VAT waiver on EU defence investments
- Aimed at strengthening industrial pillar of EU’s defence readiness
- New proposals include VAT waiver for EU defence equipment
- Member States to allow jointly procured and owned defence equipment to benefit from exemption
- Proposal includes increased funding rate, simplified procurement procedures, and VAT exemption
- Member States can issue bonds for financing long-term armament programs
- SEAP considered international organization for issuing waivers and bonds
Source: etaf.tax
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.
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