Pursuing the path outlined by the so-called Action plan and on the starting point of document COM (2017) 566 (“Towards a single EU VAT area - Time to ac”), the European commission presented the proposal for a Directive COM (2018) 329, which constitutes the second interim phase in the constitution of a final VAT system for trade within the EU.
Specifically, the proposal for a Directive is aimed at introducing detailed technical measures for the functioning of a final VAT system for taxation of exchanges between Member states and is added to three previous proposals (relevant to one Directive and two Regulations) issued on 4 October 2017, respectively COM (2017) 569, 568 and 567, which are under implementation.
The new proposal COM (2018) 329, in better defining the new final VAT system, is aimed at creating “a robust single European VAT area which can support a deeper and fairer single market that helps to boost jobs, growth, investment and competitiveness”.
For further information, please contact Mario Spera.
