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Image header Agence Europe
Europe Daily Bulletin No. 8839
Contents Publication in full By article 24 / 33
GENERAL NEWS / (eu) ep/tax

Two of the new Member States already applying reduced vat rates but without any European-level legal foundation

Brussels, 01/12/2004 (Agence Europe) - the economic and financial affairs committee at the Parliament adopted on Tuesday, a draft legislative resolution to adapt directive 77/388/EC on harmonising value added tax (VAT). The objective is to provide legal security for new Member States that are already applying reduced rates of VAT in some high labour intensive services. Poland is applying a VAT rate of 7% in small repair workshops for bicycles and shoes. The Czech Republic is applying a...

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