The Commission decided today to send letters of formal notice to Cyprus, Greece and Malta for not levying the correct amount of VAT on the provision of yachts.
In detail, the infringement procedures launched today concern:
  • A reduced VAT base for the lease of yachts – a general VAT scheme provided by Cyprus, Greece and Malta.
  • The incorrect taxation in Cyprus and Malta of purchases of yachts by means of what is known as 'lease-purchase'. 
The 3 Member States now have two months to respond to the arguments put forward by the Commission. If they do not act within those two months, the Commission may send a reasoned opinion to their authorities.

Informatiesoort: Nieuws

Rubriek: Europees belastingrecht, Omzetbelasting

H&I: Previews


Gerelateerde artikelen