Joint venture (to use the same Infrastructure/Portal) ()
DESCRIPTION: Legal Agreement allowing business arrangement in which two or more parties agree to pool their resources (e.g. infrastracture/portal) for the purpose of accomplishing a specific task.
eira:ABBhttp://data.europa.eu/dr8/LegalAgreementContract
dct:modified2023-07-26
dct:identifierhttps://ec.europa.eu/taxation_customs/business/company-tax_en
dct:titleJoint venture (to use the same Infrastructure/Portal)
dct:descriptionThe European Union Joint Venture Tax Agreement refers to the legal framework that governs the taxation of joint ventures operating within the European Union. This agreement outlines the tax obligations and benefits for companies that decide to pool their resources and operate as a joint venture. It includes provisions for the use of shared infrastructure or portals, and the tax implications of such arrangements.
dct:publisherEuropean Commission
dct:sourcehttps://ec.europa.eu/taxation_customs/business/company-tax_en
skos:example1. Two tech companies based in different EU countries form a joint venture to develop a new software product. They share a common portal for development and distribution. Their tax obligations are defined by the EU Joint Venture Tax Agreement.,2. A German and a French company form a joint venture to build and operate a railway line. They share the same infrastructure (railway tracks, stations, etc.). The profits from this joint venture are taxed according to the rules set out in the EU Joint Venture Tax Agreement.,3. An Italian and a Spanish company form a joint venture to provide a pan-European e-commerce platform. They use the same portal for their operations. The EU Joint Venture Tax Agreement governs their tax obligations.
eira:concepteira:SolutionBuildingBlock
skos:noteThe agreement provides a clear guideline on how joint ventures are taxed, including those that share infrastructure or portals. It aims to prevent double taxation and tax evasion, while promoting fair competition among businesses. It also includes provisions for tax relief in certain circumstances.
eira:viewLV-Legal Agreements