Commentary

V1.205 Effect on existing turnover taxes

Part V1 General principles and rates of tax

V1.205 Effect on existing turnover taxes

V1.205 Effect on existing turnover taxes

Transitional provisions relating to the abolition of turnover taxes are described below as they applied to the original member states, ie Belgium, France, Germany, Italy, Luxembourg and the Netherlands. For the application of these provisions on enlargement of the Communities in 1973, 1981, 1986, 1995, 2004 and 2007, see V1.208.

EU Treaty arts 95 and 96 (as originally enacted)

Member states were required to—

  1.  

    (1)     align the rates of turnover tax applied to imported goods and similar domestic products;

  2.  

    (2)     avoid indirect protection of domestic products by means of turnover taxation; and

  3.  

    (3)     restrict repayments

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