GENERAL NEWS
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(eu) eu/taxation
Formal request sent to Spain, Italy and Belgium involving VAT practices
Brussels, 15/07/2002 (Agence Europe) - The European Commission has formally asked three Member States to change practices that are not compatible with the Sixth Directive on the common system of VAT
- Spain. The Sixth VAT Directive allows for subsidies in the "deductible proportion" for taxable persons who carry out both activities on which VAT is deductible and activities, which are exempt. The Commission has criticised Spain's application of this law to taxable persons all of whose...