EU COUNCIL OF MINISTERS SPAIN NETHERLANDS ITALY VAT LEVYING ANTI-FRAUD WASTE
February 1st, 2006
BY KEITH NUTHALL
SPECIAL VAT rules designed to drive tax evasion from the European Union (EU) materials recycling sector have been approved for Spain, Italy and the Netherlands. The EU Council of Ministers has allowed all three countries to derogate from standard VAT rules until December 2009. Under this decision, the Dutch can exempt from VAT the supply and import of used and waste materials by companies with an annual turnover of less than Euro 1.13 million. Meanwhile, Italy can insist that the purchasers of ferrous waste and scrap, waste glass, paper and ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.