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Apr 03, 2025
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EU agrees on value-added tax reform

by Jochen Luypaert, December 5, 2007, 8:28:48 AM
1 co-observer

The European Union has agreed to reform rules on value-added taxes, ending a five-year stalemate between member states on the issue.

On Tuesday (4 December), EU finance ministers met in Brussels and unanimously agreed to overhaul EU-wide rules on value-added taxes (VAT).

"Today we have reached an agreement on the VAT package, which means we have been able to introduce a significant change into the taxation system for VAT," Portuguese finance minister Fernando Teixeira dos Santos s...

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