DESCRIPTION:
European legal act seeking to regulate the indirect taxes levied by EU countries on the raising of capital. Indirect taxes are those levied on goods and services rather than on income or profits. While it generally prohibits these taxes, notably capital duty*, it allows certain countries to levy them if they meet certain exceptional conditions.
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| eira:ABB | eira:BindingInstrumentRequirement |
| dct:modified | 2023-07-26 |
| dct:spatial | EU |
| dct:identifier | http://data.europa.eu/eli/dir/2008/7/oj |
| dct:title | Directive 2008/7/EC - indirect taxes on the raising of capital |
| dct:description | Directive 2008/7/EC is a European Union regulation that governs the imposition of indirect taxes on the raising of capital. It aims to prevent restrictions, distortions, or competition disruptions in the capital market due to differences in national legislations concerning indirect taxes on the raising of capital. |
| dct:publisher | EUR-Lex |
| dct:source | https://eur-lex.europa.eu/legal-content/EN/ALL/?uri=CELEX%3A32008L0007 |
| skos:example | For instance, if a company based in Germany decides to increase its capital through the issuance of new shares, under Directive 2008/7/EC, this transaction cannot be subject to indirect taxes by the German government. Similarly, if a French company merges with a Belgian company, the merger cannot be double taxed by both France and Belgium. |
| eira:concept | eira:SolutionBuildingBlock |
| skos:note | The Directive 2008/7/EC provides a harmonized framework for indirect taxes on the raising of capital within the European Union. It prohibits Member States from taxing transactions such as the formation of a company, increasing the capital of a company, or the entry into a company of a new member that contributes capital. It also provides for the elimination of double taxation in the case of reorganizations, mergers, divisions, or transfers of assets. |
| eira:view | LV-Binding Power and Jurisdiction |