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Economy & Jobs 25-10-2013

Commission proposes standard VAT declaration for EU companies

The European Commission presented on Wednesday a new proposal to standarise VAT return for business and companies across Europe. Aiming at slashing red-tape for businesses, ease tax compliance and make tax administrations across the Union more efficient, this new regulation can cut costs for EU businesses by up to €15 billion a year, according to the EU's executive.
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