ECONOMY - FINANCE - BUSINESS / Taxation

Member States give green light for future VAT cooperation framework with China

Brussels, 03/03/2021 (Agence Europe)

The ambassadors of the Member States to the EU (Coreper) gave the green light on Wednesday 3 March to a possible future Administrative Cooperation framework between the EU and China in the area of Value Added Tax (VAT). As a first step, the Member States authorise the European Commission to open negotiations with the Chinese authorities with a view to concluding a Memorandum of Understanding.

In its July action plan to better combat tax fraud, the Commission announced its intention to...