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Europe Daily Bulletin No. 11396

25 September 2015
Contents Publication in full By article 23 / 40
ECONOMY - FINANCE / (ae) taxation
Germany must update its VAT legislation for travel agencies

Brussels, 24/09/2015 (Agence Europe) - On Thursday 24 September, the European Commission decided to send a reasoned opinion to Germany, to ask it to change its VAT legislation as regards the application of the specific regime for travel agencies.

This regime allows travel agencies to set a 'price margin' as a VAT calculation base, corresponding to the difference between the total amount, net of VAT, to be paid by a traveller and the real cost borne by the agency. Under German law, the...

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SECTORAL POLICIES
EXTERNAL ACTION
ECONOMY - FINANCE
INSTITUTIONAL
SOCIAL AFFAIRS - YOUTH
COURT OF JUSTICE OF THE EU
NEWS BRIEFS
BUSINESS NEWS NO 160