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Europe Daily Bulletin No. 7737

15 June 2000
Contents Publication in full By article 17 / 41
GENERAL NEWS / (eu) eu/taxation
European Commission presents new strategy for modernisation of VAT system

Brussels, 14/06/2000 (Agence Europe) - The existing value added tax (VAT) system in the European Union is known as a "transitional" system, because it includes application in the country of destination of goods. Realising, however, that this system could stay in place much longer than expected, the European Commission has come forward with its strategy for modernising it over the next two years. Whereas in 1996, it programmed for the year 2000 the transition to the definitive VAT system...

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