European Commission Proposals for the Future of VAT in the EU
The European Commission issued a paper on 30 October 2014 outlining ideas on creating a more effective VAT system that is more in line with the objectives of the single market in the EU. The intention is to create the definitive VAT regime that will
See MoreRomania: Under pressure on VAT recovery process
Romania has formally requested by the European Commission to improve its Value Added Tax (VAT) recovery process. The caused for opinion from the European Commission, the step before proceedings at the European Court of Justice, states that the
See MoreEuropean Commission reports on administrative cooperation and combating fraud in the field of VAT
On 12 February 2014, the European Commission adopted two reports related to fighting Value Added Tax (VAT) fraud within the EU. The reports outline possible ways of improving procedures for dealing with this problem. The first report looks at VAT
See MoreEU: European Commission proposes stronger cooperation on VAT
Recently, the European Commission began consultations with Russia and Norway on administrative cooperation agreements in the area of Value Added Tax (VAT). The aim of the agreements is "to establish a framework of mutual assistance in combatting
See MoreEU: VAT pilot project on international SME transactions
The European Commission has announced a one year extension of the pilot project that seeks to improve certainty for small and medium enterprises (SMEs) in cross border VAT transactions. 14 EU Member States (Belgium, Estonia, Spain, France, Cyprus,
See MoreEuropean Commission – VAT Guidelines for Telecoms and e-Services
On 29 October 2013, the European Commission published guidelines to help companies to prepare for the new value-added tax rules regarding telecommunications and electronic services. The new rules are scheduled to become effective in 2015. Under the
See MoreEU: Standard VAT return proposed
The European Commission announced on 23 October a proposal for a standard value added tax (VAT) return. As indicated by the new rules, the VAT return would have a uniform set of prerequisites for businesses when documenting their VAT returns.
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