Outcome of written procedure on aid to Ukraine, minimum tax, Hungary’s recovery plan and the conditionality mechanism
A written procedure for the formal adoption of four pieces of legislation has ended. This means that the Council has formally adopted the following pieces of legislation:
- A regulation amending the multiannual financial framework for the years 2021 to 2027, which will enable the EU to use the headroom of the EU budget for its macro-financial assistance to Ukraine in 2023. This means that all EU member states will participate in this effort.
- A directive on ensuring a global minimum level of taxation for multinational enterprise groups and large-scale domestic groups in the Union, also known as Pillar 2
- The Council implementing decision for the protection of the Union budget against breaches of the principles of the rule of law in Hungary (rule of law conditionality mechanism).
- The Council implementing decision which approves the Commission’s assessment of Hungary’s recovery and resilience plan.
The adoption is the final step in the Council’s legislative process for these pieces of legislation.
- Written procedure
- Rule of law conditionality mechanism: Council decides to suspend €6.3 billion given only partial remedial action by Hungary (press release, 12 December 2022)
- NextGenerationEU: Member states approve national plan of Hungary (press release, 12 December 2022)
- International taxation: Council reaches agreement on a minimum level of taxation for largest corporations (press release, 12 December 2022)
- Council adopts €18 billion assistance to Ukraine (press release, 10 December 2022)
