ECOFIN to discuss reduced VAT rates

(ČIA) EU Finance Ministers (ECOFIN) will discuss on December 7, 2021, e.g. reduced VAT rates. The aim of the proposal is to remove inequalities in the application of rates between member states and to allow greater flexibility in setting them. The amendment also intends to align the VAT rate system with the EU's environmental objectives. Also on the agenda will be the launch of the new cycle of economic policy coordination or an update on the implementation of the Recovery and Reinvigoration Instrument. The Czech Republic will be represented at the meeting in Brussels by Finance Minister Alena Schillerová (ANO).



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