Directive 2006/112/EC of 28 November 2006 ()
DESCRIPTION: European directives establishing a common system for the calculation of valued added taxes (VAT).
eira:ABBeira:BindingInstrumentRequirement
dct:modified2023-07-26
dct:spatialEU
dct:identifierhttp://data.europa.eu/eli/dir/2006/112/oj
dct:titleDirective 2006/112/EC of 28 November 2006 on the common system of value added tax
dct:descriptionThis directive is a European Union law that provides a harmonized legal framework for the implementation of value-added tax (VAT) within the EU. It sets out the principles of the VAT system, including its scope, chargeability, taxable amount, rates, exemptions, and deductions.
dct:publisherEUR-Lex
dct:sourcehttps://eur-lex.europa.eu/eli/dir/2006/112/oj
skos:exampleAn example of applying this directive would be when a business in an EU member state sells goods or services. The business would need to charge VAT on these sales at the rate specified in the directive, and then deduct the VAT it has paid on its own purchases, in accordance with the rules and procedures set out in the directive.
eira:concepteira:SolutionBuildingBlock
skos:noteThe directive is also known as the 'VAT Directive'. It aims to establish a common system of VAT to prevent competition distortion in the internal market, and to ensure a uniform tax base. It sets out the general procedures and criteria for VAT, including the standard rate of not less than 15%, and provides for certain exemptions and reduced rates.
eira:viewLV-Binding Power and Jurisdiction