somes

EU Fair and Simple Taxation Reform

Summary

A recommendation to reform EU taxation to be fairer, simpler, and better suited for the digital age.
9 10.03.2022
Other
economy
finance
taxation
administrative reform
public administration
business and competition
information technology and data processing

Key points

  • The report aims to support the EU's economic recovery by reforming VAT, business, and individual taxation.
  • There is a strong call to reduce the administrative burden on SMEs, which currently face much higher compliance costs than large corporations.
  • The Commission is urged to adopt a single EU VAT registration procedure and a single VAT number by 2023.
  • A harmonized standard for electronic invoicing should be established by 2022 to simplify reporting.

Speeches

4 Speeches in total

Pro
Contra
Rainer WIELAND
Rainer WIELAND
PPE
0:42 min
12. Second voting session
Rainer WIELAND
Rainer WIELAND
PPE
0:54 min
16. Announcement of voting results
Documents (PDFs)
REPORT with recommendations to the Commission on fair and simple taxation supporting the recovery strategy (EP follow-up to the July Commission’s Action Plan and its 25 initiatives in the area of VAT, business and individual taxation) Fair and simple taxation supporting the recovery strategy
These raw data are provided by the Open Data Portal of the European Union (data.europa.eu) and are licensed under ODC-BY 1.0.