turnover tax

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Translations

turnover tax

nUmsatzsteuer f
Collins German Dictionary – Complete and Unabridged 7th Edition 2005. © William Collins Sons & Co. Ltd. 1980 © HarperCollins Publishers 1991, 1997, 1999, 2004, 2005, 2007
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'Rather it could be negative especially for cyclical sectors' such as cement and steel, fertiliser and chemical if key measures like continuation of corporate tax rate at 29pc, re-imposition of super tax for non-financial companies, increase in excise, GST and turnover taxes among others are implemented.
That, and not temporary turnover taxes, should be the subject of debate.
The Head of Unit for VAT and other Turnover Taxes at the European Commission has participated in EMEA Chapter meetings, most recently in London this October.
The package includes that the most affected and moderately affected areas would be exempted from the turnover taxes. The delegation demanded to implement this tax exemptions under the said political package for the aforementioned areas.
Called on by the French Conseil d'Etat to look at the interpretation of Directive 77/388/EEC on the harmonisation of the laws of the member states relating to turnover taxes, the European Court of Justice has ruled in favour of the French tax administration.
Most important, the new laws instituted last year confirm that both FIEs and FEs are subject to the new turnover taxes. Unfortunately, the provisions in the laws that cover refunds of certain turnover taxes refer only to FIEs.
- Council Decision deemed to be adopted under the procedure contained in Article 27(4) of Directive 77/388/EEC authorising France to apply a measure derogating from Articles 2 and 10 of Directive 77/388/EEC on the harmonisation of the laws of the member states relating to turnover taxes. This decision follows notification of the request to member states on 18 December 1996.
In the Italian IRAP case, this national taxation arguably contravenes article 33 of the Sixth VAT Directive prohibiting Member States to introduce "taxes, duties or charges which [can] be characterized as turnover taxes" (as the Advocate General has confirmed since the meeting).