The Economic and Financial Affairs Council (ECOFIN) is a key global body responsible for overseeing international financial policies, regulating markets, and ensuring economic stability. ECOFIN addresses pressing economic challenges that shape the future of trade, taxation, and financial governance worldwide.

At NEHMUN’26, the ECOFIN Committee will focus on two crucial topics. Ensuring Fair Taxation and Reducing Fraud and Facilitating e-service through VAT reform. With globalization transforming economies, VAT (Value-Added Tax) Reform has become an essential issue in ensuring fair taxation, reducing fraud, and supporting economic efficiency. Delegates will discuss the harmonization of VAT policies, the impact on businesses and consumers, and the role of digital taxation in the modern economy.