- The European Commission released a budget proposal for 2028 to 2034 on 16 July 2025.
- The proposal includes the Multiannual Financial Framework and the Own Resources Decision.
- Five new revenue sources are identified to support the EU budget.
- A new Corporate Resource for Europe targets companies with over €100m annual net turnover.
- Companies are divided into four brackets with contributions from €100k to €750k annually.
- The proposal requires unanimous approval by EU Member States and consultation with the European Parliament.
- The decision must be ratified by all Member States according to their constitutional requirements.
Source: ey.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"
- Understanding VAT Rules for Dropshipping: Compliance, Registration, and Cross-Border Sales Challenges
- EU Customs Reforms 2028: Platforms Become Deemed Importers, Assume Duties and Compliance Responsibilities
- Agenda ECOFIN Meeting on VAT and Tax Reforms on September 11, 2025
- EU proposes tariff reductions to implement EU-US deal
- IOSS vs OSS: What’s the Difference in EU VAT Schemes?
