| Author (Corporate) | European Union |
|---|---|
| Series Title | Official Journal of the European Union |
| Series Details | L195, 01.08.18 |
| Publication Date | 01/08/2018 |
| Content Type | Legislation |
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Summary: The European Commission presented on 26 October 2017 proposals for the signing and conclusion of an Agreement between the European Union and Norway on administrative cooperation, combating fraud and recovery of claims in the field of value added tax. The Council of the European Union adopted a Decision on the signing of the Agreement on 5 December 2017, and the Agreement was signed in Sofia on 6 February 2018. The Council adopted a Decision on the conclusion of the Agreement on 22 June 2018. Further information: Regulation (EU) No 904/2010 on administrative cooperation and combating fraud in the field of VAT, and Directive 2010/24/EU concerning mutual assistance for the recovery of claims relating to taxes, duties and other measures, provide the legal framework for Member States to cooperate in order to prevent and fight against fraud, and recover claims in the field of VAT. Experience in the Member States has shown that fraudsters often exploit weaknesses in the control of transactions involving companies located in third countries. Therefore cooperation with third countries is essential to fight VAT fraud. In particular, Norway is a Member of the European Economic Area with a VAT system similar to that applied in the EU, which enjoys a good tradition of cooperation in the field of VAT with the EU Member States. |
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| Source Link | Link to Main Source https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=uriserv:OJ.L_.2018.195.01.0003.01.ENG |
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| Subject Categories | Taxation |
| Countries / Regions | Europe, Norway |
