- Legislative initiative expected by end of 2026
- European Commission launched public consultation on VAT rules for travel and tourism
- Aim is to develop new legislative initiative by fourth quarter of next year
- Travel and tourism sector generates about 10 percent of GDP in the single market
- Sector recovering after pandemic-related halt
- Current rules are outdated and have not been modified since introduction of common VAT system
Source: eutekne.info
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.
