- The European Commission has issued reasoned opinions to Bulgaria, Greece, Spain, and Romania for failing to fully transpose Directive 2020/285, which updates the special VAT scheme for small enterprises.
- The Directive simplifies VAT compliance and allows cross-border SME exemptions, enabling small businesses from other Member States to benefit from VAT relief similar to domestic ones.
- The four Member States have two months to comply; otherwise, the Commission may refer the cases to the Court of Justice of the EU and seek financial penalties.
Source ec.europa.eu
Latest Posts in "European Union"
- General Court VAT case T-851/25 (Roenes) – Questions – Transfer of a Totality of Assets: Economic Continuity vs. Supplier Intention
- Business Leaders Call on EU to Modernize Customs Union and Revive Türkiye Membership Talks
- EU VAT Compliance Gap Hits €128 Billion in 2023, Driven by Six Major Economies
- EU Triangular Transactions: More Than Three Parties Allowed, Rules European Court in 2025 Decision
- INTA Reviews EU Proposal to Extend CBAM to Downstream Goods and Strengthen Anti-Circumvention Measures
