CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Harmonised EU Sales Tax Expected By 2004

Harmonised EU Sales Tax Expected By 2004

by Ulrika Lomas, Tax-News.com, Brussels

05 December 2001


New rules intended to harmonise sales tax receipts were scheduled to be adopted without debate in a meeting of European Union Finance and Economy ministers on Tuesday.

The arrangement means that from 2004, companies with operations throughout the 15 member European Union will no longer be suject to different sales tax rules in every country in which they are based or do business, but will be governed by a single set of sales tax standards.

It is thought that the new procedures agreed upon will also encourage electronic billing, which is subject to restrictive legislation in several member states. A recent EU Executive Commission report revealed that the average cost for a bill processed electronically is just 0.4 euros, compared with 1.4 euros per paper transaction processed.


To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »