VAT in the digital age

The Council reached an agreement on a package of legislation on value added tax (VAT) in the digital age. The package consists of three proposals that set out to tackle VAT fraud, support businesses and promote digitalisation.

After almost two years of negotiations, the Council has reached an agreement on the VAT package. This is a cornerstone for the digital transition and a significant step in improving the competitiveness of the EU. The new rules will update our VAT systems to reflect the digitalisation of our economies, help combat VAT fraud, and ease administrative obligations for small companies and individual service providers. Today’s decision was preceded by intense discussions led by the Hungarian presidency; thus, we are grateful to all delegations for their constructive approach and hard work.

Mihály Varga, Hungarian minister for finance

• Taxation: Council agrees on VAT in the digital age package (press release, 5 November 2024)

Recovery and Resilience Facility

Ministers took stock of the implementation of the Recovery and Resilience Facility (RRF). To date, all RRPs have been approved, 70 payment requests have been received and more than €268 billion have been disbursed.