Legal provisions of COM(1998)693 - Proposal for a Council Directive amending, with regard to the level of the standard rate, Directive 77/388/EEC on the common system of VAT - Main contents
Please note
This page contains a limited version of this dossier in the EU Monitor.
dossier | COM(1998)693 - Proposal for a Council Directive amending, with regard to the level of the standard rate, Directive 77/388/EEC on the common ... |
---|---|
document | COM(1998)693 |
date | May 25, 1999 |
Article 1
"(a) The standard rate of value added tax shall be fixed by each Member State as a percentage of the taxable amount and shall be the same for the supply of goods and for the supply of services. From 1 January 1999 until 31 December 2000, this percentage may not be less than 15 %.
On a proposal from the Commission and after consulting the European Parliament and the Economic and Social Committee, the Council shall decide unanimously on the level of the standard rate to be applied after 31 December 2000.
Member States may also apply either one or two reduced rates. These rates shall be fixed as a percentage of the taxable amount, which may not be less than 5 %, and shall apply only to supplies of the categories of goods and services specified in Annex H."
Article 2
When Member States adopt these measures, they shall contain a reference to this Directive or shall be accompanied by such reference at the time of their official publication. The methods of making such a reference shall be laid down by the Member States.
2. Member States shall communicate to the Commission the text of the provisions of domestic law which they adopt in the field covered by this Directive.
Article 3
It shall apply from 1 January 1999.