Commission decision on inclusion of VAT losses in GDP

Commission decision 98/527/EC, Euratom (about 2 pages) requiring the authorities in each EU country to calculate "the value of VAT evasion 'without complicity'" (i.e. the "tax not remitted" measure of VAT losses) and:

The Member States shall adjust, if necessary, the amount of value added included in their GDP and GNP estimates made in accordance with Directive 89/130/EEC, Euratom by adding to it the value, calculated using the above formula, of evasion 'without complicity'.

For further information or advice please contact Franck Latrémolière.

Filed under Tax fraud, VAT.

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