Croatia's deficit is to fall to two percent as a result of recent fiscal reforms and stronger-than-expected revenues, the International Monetary Fund said in its Article IV report for the country. Read Full Story
The European Commission has asked Croatia to amend its rules for excise duty on alcohol distillates produced by small producers for their own consumption. Read Full Story
The tax-to-GDP ratio in the European Union remained stable in 2015, while the ratio in the Eurozone was down slightly on the previous year. Read Full Story
If the UK's trading relationship with the EU reverts to World Trade Organisation rules post-Brexit, the impact on trade with individual EU member states will depend on the volume and nature of the merchandise traded, Ireland's Economic and Social Research Institute has said. Read Full Story
Just one EU member state has increased its headline VAT rate since 2014, indicating that states are no longer looking to VAT to fund other growth-friendly reforms, as had been seen in previous years.Read Full Story
On October 12, the Italian financial police said it had broke up a value-added tax fraud ring allegedly involved in transactions totaling EUR930m, through 180 companies in 15 European Union (EU) countries.Read Full Story
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