EU Member States’ finance ministers, meeting in Council on Tuesday 5 November, reached a unanimous political agreement on the legislative package on value added tax (VAT) in the digital age (ViDA), after two years of discussions (see EUROPE B13517A8).
“This final agreement is an important step, reflecting our ongoing commitment to modernise the VAT framework and address the challenges posed by the digital economy”, said a delighted Mihály Varga, Hungary’s Minister of Finance, at...