EU COMPARISON OF VAT
Journal Title: Challenges of the Knowledge Society - Year 2012, Vol 2, Issue 0
Abstract
VAT is one of the newest tools of the global economy and is widely adopted in most of the countries. For EU Member States is required not only the existence of VAT, but also that its main characteristics to be uniformly implemented. This should facilitate intra-Community transactions, but in practice does not as there are many local variations which can lead to costly errors and penalties. The objective of this paper is to collate data about the main characteristics of VAT in EU Member States and to highlight the key differences between them. This survey shows that there continue to be opportunities and risks for businesses trading cross border, as a result of differences in application of Community legislation on VAT. This led to the necessity of VAT reform. On this basis, the Commission adopted on the end of the last year a Communication on the future of VAT. This sets out the fundamental characteristics that must underlie the new VAT regime, and priority actions needed to create a simpler, more efficient and more robust VAT system in the EU.
Authors and Affiliations
MARIA ZENOVIA GRIGORE, MARIANA GURĂU
Keywords
Related Articles
- EP ID EP137991
- DOI -
- Views 103
- Downloads 0
FINANCIAL DEVELOPMENT AND ROMANIAN SMES
Research has shown that financial development accelerates economic growth but little has been discussed about the disproportionate effect a country’s financial development has on the growth of its small firms. With this...
AUGUSTINIAN MODEL IN THE BYZANTINE POLITICAL THINKING. CASE STUDY: THE ELEMENTS OF POLITICAL AUGUSTINISM IN THE CURRENT ROMANIAN MENTALITY
The byzantine society, de jure and de facto heir of the Greco-Roman world, has it’s own philosophy, it’s own structure model and policy thinking. Without doubt, for the New Rome this model is that sprang from the Christi...
THE FUTURE OF DIGITAL ACTIVISM
One of the first moments when the new information and communication technologies were used in a political protest was the Orange Revolution that took place in Ukraine from late November 2004 to January 2005. Ever since t...
THE INFLUENCE OF SPARE PARTS EXPENSES ON PRODUCTION COSTS WITH THE PREPARATION OF THE JIU VALLEY COAL
The activity of supply and that of exploitation of the spare parts from the composition of the equipments that realize the preparation of the Jiu Valley coal influence its production costs. In this respect, this paper de...
GENDER EQUALITY POLICIES DURING THE POST-COMMUNIST ROMANIAN SOCIETY - TRANSFORMATION OR CONSERVATION OF GENDER PATRIARCHAL REGIME?
The paper aims to analyze family policies, labor market and social protection policies in the light of their correlated effects on the dynamics of gender relations, to identify such new tools for understanding national r...