Economic and Financial Affairs Council, 22 June 2018

Summary:

A meeting of the Economic and Financial Affairs Council was held on 22 June 2018. The agenda includes the following items:

• Decision to close the Excessive Deficit procedure for France;
• Adoption of Recommendations to Hungary and Romania following the detection of significant deviations from their medium-term budgetary objectives;
• Adoption of general approach on proposed amendments aimed at strengthening administrative cooperation against VAT fraud;
• Adoption of Directive making the 15% minimum standard VAT rate a permanent feature of the VAT system;
• Endorsement of agreement on VAT cooperation with Norway.

Official

European Commission: Remarks by Vice-President Dombrovskis at the ECOFIN press conference http://europa.eu/rapid/press-release_SPEECH-18-4267_en.htm

---