EU RESPONSE TO COVID-19 / Taxation

EU Council adopts VAT exemption solely for goods and services distributed by EU during Covid-19 pandemic

13/07/2021 (Agence Europe) – On Tuesday 13 July, the ECOFIN Council decided to limit the Commission’s proposal to permanently exempt from VAT goods and services that the EU makes available to Member States and citizens during the Covid-19 pandemic (see EUROPE B12696A8). Faced with Member States’ concerns about the scope of the proposal, which was considered too broad, and the lack of an impact assessment, the Portuguese Presidency of the EU Council had proposed this temporary...