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

(MNI) LONDON
(MNI) London

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.

Ferrie said that the Commission and Germany wanted to “find solutions that would benefit and have the same effect for final consumers”, but noted that the new VAT directive did not allow for such an exemption.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
Private sectorPolicy NewsHomepageEmailFiscalGovernment sectorCEEMEAEurozoneGermanyBriefStoryRegion
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MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
Private sectorPolicy NewsHomepageEmailFiscalGovernment sectorCEEMEAEurozoneGermanyBriefStoryRegion
True

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