Brussels, 02/07/2009 (Agence Europe) - Directive 2006/112/EC on the European VAT (value added tax) system authorises member states to introduce national VAT grouping schemes. At least two tax payable companies, independent from the legal point of view but closely linked at the financial, economic and organisational levels, may merge from the taxation point of view into a single group with a view to forming a new entity for VAT. Noting the “growing interest” for such VAT groupings which...