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MNI BRIEF: Germany, Brussels Mull VAT Impact Of New Gas Levy

(MNI) London
(MNI) London

Berlin and Brussels look for ways to mitigate against VAT charge on new German gas levy.

True

German Finance Minister Christian Lindner has written to the EU Commission to request a VAT exemption from his proposed new gas levy in order not to further squeeze German consumers.

EU Commission Spokesperson Daniel Ferrie said that the Commission and the German Finance Ministry were in close contact to find a solution and that the two sides were aligned in not wanting to see any “unintended tax consequences” from the proposed new measure.

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German Finance Minister Christian Lindner has written to the EU Commission to request a VAT exemption from his proposed new gas levy in order not to further squeeze German consumers.

EU Commission Spokesperson Daniel Ferrie said that the Commission and the German Finance Ministry were in close contact to find a solution and that the two sides were aligned in not wanting to see any “unintended tax consequences” from the proposed new measure.

Keep reading...Show less