Published on
24/06/2026 - 16:14 GMT+2
The European Commission presented a new tax simplification package on Wednesday, expected to save EU businesses €8 billion annually, including €3.3 billion in administrative costs.
The two proposed laws aim to reduce red tape in an overall attempt to make Europe a more attractive place for businesses to flourish.
"By removing upfront procedural requirements and simplifying refund processes, the measure will facilitate financing, encourage investment, and enhance competitiveness," the Commission said in a statement.
