Directive 86/560/EEC of 17 November 1986 ()
DESCRIPTION: The decision approves on behalf of the European Economic Community (now the EU) the Convention on Temporary Admission* agreed at Istanbul on 26 June 1990 and its annexes, subject to certain conditions.The aim of the convention is to facilitate temporary admission by simplifying and harmonising procedures through the adoption of standardised model papers such as international customs documents with international security, thereby contributing to the development of international trade.
eira:ABBeira:BindingInstrumentRequirement
dct:modified2023-07-26
dct:spatialEU
dct:identifierhttp://data.europa.eu/eli/dir/1986/560/oj
dct:titleDirective 86/560/EEC of 17 November 1986 on the harmonization of the laws of the Member States relating to turnover tax arrangements for the refund of value-added tax to taxable persons not established in Community territory
dct:descriptionThis directive, issued by the European Economic Community (EEC), aims to harmonize the laws of member states regarding the refund of value-added tax (VAT) to taxable persons who are not established within the territory of the European Community. It establishes a framework for the refund procedure, ensuring consistency and fairness across member states.
dct:publisherEUR-Lex
dct:sourcehttps://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:31986L0560
skos:exampleAn example of applying this directive would be a company based in the United States that conducts business in multiple European Union member states. If this company incurs VAT expenses in a member state where it is not established, it can use the provisions of this directive to claim a refund of the VAT paid. The company would need to follow the prescribed procedures, provide the necessary documentation, and meet the eligibility criteria outlined in the directive to successfully obtain the VAT refund.
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skos:noteThe directive sets out the rules and procedures for the refund of VAT to taxable persons who are not established within the European Community. It ensures that these persons can claim a refund of VAT paid in a member state where they are not established, subject to certain conditions and limitations. The directive aims to facilitate cross-border trade and ensure equal treatment for taxable persons within the European Community.
eira:viewLV-Binding Power and Jurisdiction