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Minimum VAT Standard Rate Extension

Summary

The European Parliament proposes extending the requirement for a minimum standard VAT rate of 15% until the end of 2018 to ensure market stability while new tax reforms are developed.
10 31.05.2016
Other
economy
taxation
european union
business and competition
public finance and budget policy

Key points

  • The proposal aims to maintain a minimum standard VAT rate of at least 15% across all EU Member States.
  • The regulation establishes the rules for the minimum standard rate within the common VAT system.
  • The European Parliament proposes extending this minimum rate requirement until December 31, 2018, rather than the Commission's suggested end of 2017.
  • There is significant concern regarding the retroactive nature of this rule due to the delay in publishing the proposal.
Documents (PDFs)
REPORT on the proposal for a Council directive amending Directive 2006/112/EC on the common system of value added tax, with regard to the duration of the obligation to respect a minimum standard rate Minimum standard rate of VAT *
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