Tag Archives: tax coordination

Proposal on VAT Tax Coordination

The European Commission adopted a proposal for a recast of the Regulation on administrative cooperation in the field of valued added tax, extending and reinforcing the legal framework for the exchange of information and cooperation between tax authorities.

One of the most novel elements in the proposal is the creation of Eurofisc. It is supposed to allow a very fast exchange of targeted information between all Member States as well as the setting up of common risk and strategic analysis.

The Recast regulation sets out that Member States are jointly responsible for the protection of VAT revenues in all Member States.