The European Commission on Friday launched a new information tool for citizens and business.
The Taxes in Europe online database provides information on the main taxes in force in the Member States.
According to the EC, it offers information on around 500 taxes, such as the tax base, main exemptions, and rates applicable, as provided to the European Commission by national authorities. In addition, it gives information on the revenue generated by each tax. Access is free for all users.
"This information tool is 'user friendly' and "citizen-oriented". It gives citizens, business, tax professionals, researchers and the press direct access to information that was until today only available piecemeal," announced László Kovács, the Commissioner responsible for Taxation and Customs.
He added:
"Furthermore, it fosters transparency by allowing for an easy comparison between the several taxation systems in the EU."
Customs duties and tariff are not described in the new database, and instead are provided by the Commission via the TARIC database.
The database will be updated every year. Coverage will be extended in the near future to the four Member States (Cyprus, Ireland, Malta and Portugal) currently not represented.
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