Tag: adoption of new tools

#VAT – European Commission welcomes adoption of new tools to combat fraud in EU

#VAT – European Commission welcomes adoption of new tools to combat fraud in EU

| June 26, 2018

The Commission has welcomed the general approach reached by member states on new tools to close loopholes in the EU’s Value Added Tax (VAT) system. These inconsistencies can lead to large-scale VAT fraud causing losses of €50 billion for national budgets of EU member states each year. Proposed by the Commission in November 2017, the […]

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