About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

8 Intertax 1 (1980)

handle is hein.kluwer/intrtax0008 and id is 1 raw text is: News and Trends EC: Tax Harmonization Outlook 1980 Indirect Taxation As earlier reported, the Council of Ministers approved three additional directives on VAT in its October meeting: - Eigth Directive on refund of VAT for nonresidents, - extension to VAT of the directive on exchange of information on direct taxes, and - similarly on assistance in collecting VAT. The final versions in all Community languages (now including Greek) were formally adopted on 6 December 1979. The adoption of further directives is imminent: - on tax exemption within the Community for certain means of transportation temporarily imported, - on tax exemption for personal property of individuals permanently imported from another member state, - on the non-application of the Sixth VAT Directive to the French Overseas Departments subsequently to a judgement of the European Court, - the Tenth VAT Directive on the application of VAT to the hiring out of movable tangible property. The folowing proposals for directives are coming into their final stage: - the Seventh VAT Directive on a common system of VAT for works of art, collectors' items, antiques and used goods, however, the German Bundestag recently resolved that the directive should only be concerned with used cars. - the exempt amount on private importations is to be raised from 180 to 210 of accounts. New proposals will be submitted to the Council within short time on - purchases by international sea, air and rail carriers, the proposal will apply VAT, excise taxes and import duties. - VAT consequences of change of residence and place of business. - VAT on the temporary importation of fixed business assets (submission to the Council anticipated for the end of 1980). - further plans mainly concern the reduction of border formalities and the further facilitation of international trade. As to excises there is a certain stand-still in the harmonization of taxes on alcoholic beverages until the European Court will decide on a number of pending cases. On 9 January 1980, the Value Added Committee will meet, it consists of representatives of the member states and the Commission. On its agenda are about a dozen questions concerning interpretation of the Sixth VAT Directive. Intertax 1980/1 I

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most