- European Commission proposes temporary VAT exemption on defence products.
- This proposal is part of the SAFE plan, which aims to strengthen EU defence capabilities.
- The exemption would apply to joint EU defence products acquired under common procurements.
- The exemption is intended to ensure the financial sustainability of defence spending.
- The exemption would be limited in time and only apply for the duration of contracts under the SAFE instrument.
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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