- The European Commission is gathering opinions and comments on the VAT Package for travel and tourism.
- Citizens and businesses can share their views on EU policies and legislation through a designated website.
- The initiative aims to assess and review the special VAT regime for travel agents and VAT rules for passenger transport.
- The public and stakeholders are invited to provide feedback and relevant information on the Commission’s understanding of the issue and potential solutions.
- The European economy heavily relies on travel and tourism, contributing about 10 percent to the EU GDP.
- Current VAT rules for the travel and tourism sector are outdated and inconsistently applied by member states.
- The initiative is part of a broader plan to modernize the European VAT system and support a more competitive, digitalized, sustainable, and eco-friendly tourism sector.
- The Commission will evaluate the need for a legislative VAT package focused on the special VAT regime for travel agents and VAT rules for passenger transport.
Source: bta.bg
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.
