Varga: Compromise on VAT in the digital age among successes of Hungarian EU presidency
A compromise reached on a package of legislation on VAT in the digital age is one of the “great successes” of Hungary’s presidency of the Council of the European Union, Finance Minister Mihály Varga said ahead of an Ecofin meeting in Brussels on Tuesday.
Varga said the compromise had been reached after two years of negotiations, adding that ministers were expected to approve the package at the meeting on Tuesday.
He added that the ministers will also discuss data provision and development regarding European statistics and parts of the Draghi report.
EU finance ministers will discuss the economic situation with their counterparts from the European Free Trade Association (EFTA) countries ahead of the Ecofin meeting.
read also:
How Viktor Orbán’s son-in-law capitalised on tax breaks to dominate Hungary’s rich list!
Tax changes in 2025 in Hungary: Airbnb tax skyrockets, currency conversion fee remains, plane tickets may be cheaper
please make a donation here
Hot news
Aeroplex inaugurates aviation components repair base near Budapest Airport
Hungarian far-right Mi Hazánk protests against inviting Israeli PM Netanyahu after ICC arrest warrant
“It was a deliberate and violent murder” – Parents of murdered American woman share update
Median wage shockingly low, half of the Hungarians get less than EUR 875/month net
Hungary’s new Digital Citizenship Programme popular
Winter is here: temperature in Hungary may drop below -10 degrees this weekend – PHOTOS
1 Comment
“Hungary made it happen!” Not quite.
The initial draft proposal was published on 8 December 2022. After public consultation and political discussions, the Council of the EU published revised texts of the proposals on 30 October 2024 (VAT Directive, VAT implementing Regulation, Council regulation on administrative cooperation). The EU Member States eventually reached political agreement on the ViDA proposal during the Economic and Financial Affairs Council (ECOFIN) on 5 November 2024 – more of a formality, given the preceding steps, than anything else. No big brokering by our Politicians – it just happened during Hungary´s watch.
https://taxnews.ey.com/news/2024-2051-eu-details-on-vat-in-the-digital-age-vida-package
What the world needs is more Politician spin?