From: news@paragraf.nbg.sub.org
Newsgroups: de.soc.recht
Subject: JUS 9241.7.1 Taxation, Finance          
Date: Sat, 19 Dec 92 17:32:06 +0100
Organization: VDJ Nuernberg

ENR   : 2513
HD    : 7. Taxation, Monetary Policy, Finance
TI    : Presentation by Mrs. Scrivener - taxation and the internal market
RF    : JUS 9241.7.1
AB    : On 26 November 1992, Mrs. Scrivener, the Commission member
        responsible for taxation, made a presentation in Bonn on the subject:
        "Taxation and the Single Market". With regard to  indirect taxation,
        Mrs. Scrivener noted that the Community system for the internal
        market is now ready. The European Commissioner emphasized that as
        from the beginning of next year, there will be no more tax or customs
        formalities to be fulfilled between the Member States, but she
        specified that European companies involved in trans-border operations
        would nevertheless be required to:
        - confirm the VAT numbers of each new client;
        - address a statement to the tax administration every quarter, in
        the form of a list, giving:
        a) the VAT number of the clients located in another Member State;
        b) the total amount of sales for the period made to each of these
        clients. Mrs. Scrivener also recalled that on 4 November 1992, the
        Commission had adopted a proposal for a directive to simplify the
        transitional VAT scheme. In particular, the purpose of the proposal
        is to simplify the following operations:
        - intra-Community purchases of products on which excise duties are
        levied (alcoholic beverages, tobacco products, petroleum products);
        - triangular operations: these are operations by which an
        undertaking in country A purchases goods in country B to deliver
        them to a client located in country C. The proposal for a directive
        allows the undertaking in country A to designate the undertaking in
        country C as directly accountable for VAT. With regard to company
        taxation, the European Commissioner noted that the Community gives
        priority to eliminating double taxation at Community level. Mrs.
        Scrivener recalled on this subject that in June 1990, the Commission
        adopted three important proposals on:
        - the fiscal treatment of mergers, spin-offs and contributions of
        assets;
        - the elimination of withholding at source on dividends paid by a
        subsidiary to its parent company established in another Member State;
        - the organization of an arbitration procedure on the price of
        transfers between undertakings in the same group. In addition, in
        November 1990, the Commission presented two new proposals on:
        - the elimination of withholding at source on interest and fees
        paid between companies of the same group established in different
        Member States;
        - taking into account within the parent company of losses incurred
        by stable establishments and subsidiaries located in another Member
        State.
        Commission, SPEECH/92/11, 26 November 1992. Also see IP/92/966, 26
        November 1992.
CT    : Taxation; Internal market
DT    : 921204