MIL-OSI Europe: EU Fact Sheets – Indirect taxation – 11-06-2024

1
Recommended Sponsor Painted-Moon.com - Buy Original Artwork Directly from the Artist

Source: European Parliament 2

Indirect taxes include value added tax (VAT) and excise duties on alcohol, tobacco and energy. The common VAT system is generally applicable to goods and services that are bought and sold for use or consumption in the EU. Excise duties are levied on the sale or use of specific products. EU legislative activities are aimed at coordinating and harmonising VAT law and harmonising duties on alcohol, tobacco and energy, with the aim of ensuring the proper functioning of the internal market. In accordance with EU legislation in the field of VAT and excise duties, Parliament’s role is limited to the consultation procedure.

MIL OSI Europe News