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ECOFIN ministers agree on VAT proposal, review progress on anti-money-laundering package, Capital Markets Union and Recovery and Resilience Facility

At an ECOFIN meeting on 7 December, Ministers agreed on a proposal for a Council directive value added tax (VAT) rates.

Valdis DOMBROVSKIS, Andrej ŠIRCELJ speak at the Press Conference of Economic and Financial Council on 7 December 2021 © European Union
European Union

date:  09/12/2021

See alsoEconomic and Financial Affairs Council, ...

The Council also took note of the Presidency progress report on the anti-money-laundering and countering the financing of terrorism legislative package, which was extended to cover certain crypto-assets. The Presidency informed ministers on the state of play of the digital finance package and Ministers took stock of the progress in strengthening of the Banking Union. They also exchanged views on legislative proposals for the Capital Markets Union, reviewed implementation of the Recovery and Resilience Facility and discussed the European Semester 2022. The Chair of the European Fiscal Board (EFB) presented the EFB's 2021 annual report on recent fiscal policy developments in the EU. Ministers also agreed to add a statement to the Council minutes regarding the increase of the European Parliament’s staff in the EU general budget for 2022. In addition, they noted the report on taxation issues presented to the European Council on 1 December and of the presidency report on the progress reached with the Fit for 55 proposals. Lastly, Ministers supported Nadia Calviño, Deputy Prime Minister of Spain, as the new EU candidate for the position of Chair of the IMF's International Monetary and Financial Committee (IMFC).