Value add tax - VAT EU AND VAT. Added value. VAT = consumption tax on the supply of goods and services
|
|
- Kory Malcolm Lawson
- 6 years ago
- Views:
Transcription
1 Value add tax - VAT PhD. Anto Bajo Faculty of Economics and Business, University of Zagreb EU AND VAT VAT = consumption tax on the supply of goods and services European Union: free movement of goods and services important international trade Thus : need to control the correct application of the VAT rules = an international problem Added value Added value is the difference between the value of the sale of goods and services (outputs) and the value of the purchases (inputs, but not labour inputs) through which these goods and services are produced. That is, added value is the value of what the producer has added to the inputs before it sells them on as new products and services. 1
2 The taxation of added value The taxation of added value is done so that the taxable base does not include the tax calculated during the acquisitions of the goods and service (the input tax) but only on the value added after the acquisition (the output tax). The Nature of VAT Notion of Value Added Sales=1500, External Costs=1000 Value Added = 500 (wages, profits) Tax on Value Added 20% tax =.2 * 500 Credit Method The enterprise collects the tax from its customer» 0.2 * 1500 = 300 Correspondingly, when the enterprise purchases, it pays VAT to its suppliers» 0.2*1000 = 200 But deducts it when paying to the State» = The nature of VAT On Goods and Services Indirect Tax Proportional Tax 2
3 What is taxed? the delivery of all goods and all services carried out for compensation, personal consumption, the import of goods, It is essential, during the delivery there is a mutual causative link, that is there is a joint economic interest among the participations, irrespective of what this link between the two is called whether it is sale, exchange, agency, dealing, rent, lease ). Three type of VAT Production Consumption Income Tax base = (sales value of acquisition) * tax rate goods and services value of VAT production type (1) Tax base = sales value purchase value of material costs Issue cost of acquisition of capital goods are not deduct nor depreciation rates Total macroeconomic VAT base= Gross national product 3
4 VAT Production type (2) VAT base= GNP = C + I + D IG (gross investment)= IN + D GNP Gross national product C consumption, IN - investment, D depreciation Issue: investment in capital taxed two times (on purchase and selling) VAT Income type Tax base = value of sales (value of purchase material + depreciation) Net investment (gross investment-depreciation) VAT base = GNP D = C + IN + D - D VAT base = NNI = C + In Tax base - depreciation. Issue: different depreciation rate for capital goods. VAT consumption type Total value of capital acquisition sales value VAT tax base = GNP-IN-D = C There is no need to make differences between current and capital expenditures nor depreciaton rates for capital goods. 4
5 Key differences Production and income type VAT impose penalties on investment in capital assets. VAT Consumption type is neutral because substition capital with labour do not influence tax liabilities. VAT calculation Methods Credit methods value of VAT paid on inputs - VAT paid on sales value. Enterpreneuer in sales price of goods and service input (calculate) VAT. Price on Inputs (paid to suppliers) contans VAT (credit method are implemented in EU countries). Subtractive method (sales value of goods and services value of acqusition of capital and material costs)* VAT Additive methods Value addes equal to summ of salaries, rents, interest and net profits. Methods ENT. A ENT. B ENT. C Total Subtractive Production Gross market Retail economy 1. Sales Purchase Value added (1-2) VAT (10%) CREDIT 1. Sales Tax on sales Purchase Tax on purchase VAT (2-4) Additive 1. Salaries Rents Interest Net-profit Total ( ) VAT(10%)
6 Advantages of VAT Exports are cheaper No double taxation Easier to enforce Broader tax base No preference to big business Invisible Principles of VAT taxation Destination vs. origin Taxation at the place of origin or at the place of consumption According 6 EU directives EU countries employ VAT taxation in place of consumption. VAT - Progressive tax? Income Consumption Savings VAT (20%) VAT/ consumption VAT/ income 1, % 16% 2,000 1,000 1, % 10% 5,000 1,500 3, % 6% 6
7 VAT standard rates have been hiked strongly as a result of the crisis VAT rates application According to the provisions of the Directive, the application of the zero rate, i.e. the exemption from VAT with the right to deduct input tax, is only allowed for goods to be exported. Thus, exports are fully exempt from VAT which is only payable in the Member State of import, i.e. of consumption. However, there are some exceptions to this rule, so that some countries are allowed to apply zero rates on domestic deliveries as well. In such cases, the scope of application of the zero rate is broadly limited to the goods and services listed in Annex III to the Directive (see Box 1), to which the reduced rates may otherwise be applied. Goods and services to which the reduced VAT (in Annex III to the Directive) Foodstuffs Water supply Pharmaceutical products Medical equipment for the disabled Transport of passengers Supply of books, newspapers and periodicals Admission to cultural events and facilities Reception of radio and television broadcasting services Supply of services by artists Construction and renovation of housing as part of a social policy Supply of goods and services for agricultural production, excluding capital goods Accommodation provided in hotels Admission to sporting events Use of sporting facilities Supply of goods and services by welfare and social security organisations Supply of services by undertakers and cremation services Provision of medical and dental care Supply of services connected with street cleaning, refuse collection and waste treatment. 7
8 VAT rate (2) new EU member countries Country Statutory rate Reduced Zero rate Bulgary N Cyprus i 8 5 i 8 Y Czech R N Estonia N (Y) Hungary , 18 5, 18 No (Y) Latvia No (Y) Lithuania i 9 5 and 9 No (Y) Malta and 7 Y Poland i 3 5 i 8 Y Romania i 9 N (Y) Slovenia ,5 8,5 N Slovakia and 14 N (Y) Croatia and 13 N Source: IBFD, European Tax Surveys, available on: VAT rate old EU member states Super Reduced rate Reduced Standard rate Zero rate Austria N Belgium - 6 and Y Denmark Y Finland - 8 and and Y France 2,1 5,5 5,5 and 10 19,6 19,6 N Greece 4,5 9 6,5 and N Ireland 4,8 13,5 9 and 13,5 21,5 23 Y Italy Y Luxembourg 3 6 and 12 6 and N Netherland N Germany N Portugal - 5 and 12 6 and Y Spain Y Sweden - 6 and 12 6 and Y UK ,5 20 Y Source: IBFD, European Tax Surveys, available on: Zero rate vs. exemption A zero rate means that the producers and importers, when they deliver their products, do not calculate (declare) VAT (it is zero), but do have the right to deduct the tax prepayment contained in their input invoices, that is, the right to deduct VAT paid during import of things that relate to their economic activity. With tax exemption during delivery, tax is not calculated, but the tax prepayment contained in the input invoices cannot be deducted. This means that for a taxpayer, the application of a zero rate is more favorable than tax exemption. 8
9 Services and goods deliveries are exempted from VAT the renting of housing premises, services and deliveries of goods of banks, savings institution and savings and loan organizations, insurance and reinsurance companies, the organization of special games of chance in casinos and slot machine clubs, and betting, services and deliveries that are performed by doctors, dentists, nurses and physical therapists, and privately practicing biochemical laboratories, the services and deliveries of medical care performed in health care institutions, institutions of social care, institutions of chilled and adolescent care, nursery school, primary, secondary schools and universities and student catering and boarding institutions, religious communities and institutions, public institutions in culture, free-lance artists and artistic organizations, VAT exemption VAT systems lies in the principles on which the definition of the right to exemption is based. The EU system relies on the so-called functional principle, In other words, the Directive specifies the activities that are exempt from VAT, irrespective of which institution or company carries them out Tax exemptions The Directive lists a number of activities that may be exempt from VAT, irrespective of which entity carries them out. They comprise activities in the public interest and other exemptions. 9
10 UK France Japan Slovak R Ireland Poland Slovenia Czech R Switzerland Australia Hungary* New Zealand Italy Austria CROATIA Korea Estonia Luxembourg Canada Germany Israel Portugal* Finland Iceland Greece Belgium* Denmark Norway Netherlands* Spain Sweden Tax exemptions The activities in the public interest public postal services, the provision of hospital and medical care, social welfare and social security services, protection and education of children and young persons, school and university education, the supply of services by non-profit making (political, trade union, religious, philanthropic, etc.) organisations, Certain services linked to sport and cultural services, and services provided by public radio and television Other exemptions insurance and reinsurance transactions. the letting of immovable property. granting and negotiation of credit, negotiation of credit guarantees. Trading in and management of securities, and transactions concerning money, deposit and current accounts, as well as other means of payment Case of Highway Tolls Highways were exempt from VAT VAT was not recovered They therefore charged more This creates cascading effect Made EU goods uncompetitive Therefore exemption illegal Exemption allowed to public authorities Creates distorsions 29 VAT registration threshold (in euro) Source: OECD,
11 VAT registration thresholds Registration/collection thresholds (a) Registration/collectio Minimum Reduced threshold for Special threshold for n allowed prior to National registration General threshold suppliers of services non-profit and charitable exceeding threshold currency period (c) only sector (b) Nat. curr. USD (4) Nat. curr. USD Nat. curr. USD Austria EUR Yes 5 years Belgium* EUR Yes None Czech R CZR Yes 1 year Denmark DKK Yes 2 years Estonia EUR Yes None Finland EUR Yes None France EUR Yes 2 years Germany EUR Yes 5 years Greece EUR Yes 5 years Hungary* HUF Yes 1 year Iceland ISK Yes None Ireland EUR Yes None Italy EUR Yes None Netherlands* EUR No None New Zealand NZD Yes None Norway NOK Yes 2 years Poland PLN Yes None Portugal* EUR Yes None Slovak R EUR Yes 1 year Slovenia EUR Yes 5 years Sweden SEK None Switzerland CHF Yes 1 year UK GBP Yes None VAT registration thresholds The inclusion in or removal from the system depends on the level of turnover realised in a certain taxable period (usually a year), the so-called VAT registration threshold. Entrepreneurs participating in the VAT system are obliged to charge VAT on all supplies of goods and services, but are also entitled to deduct the VAT declared on their input invoices for the purchased goods and services. Entrepreneurs who do not qualify for VAT registration due to their low turnovers, do not declare VAT on their delivery invoices, and are not allowed to deduct VAT paid on the purchases of goods and services. Excise tax PhD. Anto Bajo Faculty of Economics and Business, University of Zagreb 11
12 Excise Taxes Excise taxes are basically sales taxes that are imposed only on specific items. Excise taxes may be levied on a specific basis (a set charge based on the quantity of items) or on an ad valorem (percentage of value) basis. Gas taxes and cigarette taxes are examples of excise taxes. These taxes are most efficient at raising revenue when they are targeted on a narrow base of inelastic goods that is, goods for which changes in price do not significantly affect demand. Excise taxes are sometimes referred to as sin taxes, because they can be a way to put an economic price on activities that are considered harmful for society as a whole, such as smoking cigarettes or drinking alcohol. Excise tax Excise tax on cigarettes underlies specific method of calculation that differs from the calculation of other excise taxes. Other excise taxes on products such as alcohol, oil and petroleum products are mainly calculated and charged in the absolute amount per unit weight or volume of the tax base. For such products, only the specific excise tax applies. Excise tax on cigarettes Te excise tax on cigarettes usually consists of two components - specific and proportional (ad valorem). specific component of excise tax is determined in a fixed (absolute) amount per unit of product (e.g, excise tax per 1,000 cigarettes), proportional component is determined as a percentage of the retail price of cigarettes. 12
13 IT LU ES FI FR BE AT HR BH CY EE PL HU CZ LT LV MT DE SK SI BG EL PT UK RO IE SE NL DK Structure and Minimum rate for cigarettes Excise duty on cigarettes must consist of a Specific and an ad valorem element and need to apply to all cigarette price categories Specific: A fixed amount at least 64 EUR and 90 EUR (1/1/2014) per 1000 cigarettes of between 5 and 55% of total tax (excise + VAT) for the MPPC (Most Popular Price Category) Ad valorem: A percentage of the retail selling price Minimum level of taxation: A combination of both ad-valorem and specific minimum must be of at least 57% of the Retail Sales Price (RSP) of cigarettes of the Most Popular Price Category (MPPC) and of 60% of Weighted Average Price (WAP), but not less than 64 EUR and 90 EUR (1/1/2014) per 1000 cigarettes 37 The fiscal impact of excise taxes the fiscal impact of excise taxes on cigarettes significantly depends on their structure. The structure of excise tax affects the prices of cigarettes, consumer behavior, budget revenues and the tobacco industry in general. Different structures of excises cause differences in cigarette prices among countries. The retail price of tobacco products released for consumption is the price for each product set by manufacturers or their representatives or authorized agents and importers. Retail price includes excise duty, customs and value added tax. The structure of the excise taxes on cigarettes in Europe in 2015 (in %) 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Specific excise Proportional excise 13
14 Trade Taxes Trade taxes are levied on goods that are entering the country (import duties or tariffs) or leaving the country (export duties), although taxes on exports are far less common. Like excise taxes, trade taxes may be levied either on a specific basis or an ad valorem basis. Many countries rely on trade taxes because they are relatively easy to administer when goods cross the border, it creates an opportunity to tax them. Tariffs are often defended on the grounds that they can promote economic development by giving domestic producers an advantage over importers. That enables domestic producers, particularly in new industries, to establish themselves in an environment where they might otherwise fail. Over time, the argument goes, the domestic producers will become more competitive and will no longer need protection. Meanwhile, the growth of the industry will confer benefits on the economy as a whole. Trade taxes Tariffs have not always yielded the desired results, however. Governments are not always effective at deciding which industries should be protected, and sometimes protection is offered to the industry with the most effective lobby rather than the one whose growth may be most beneficial to the country s economy. tariffs are borne by those who consume the imported goods. $ Partial Equilibrium Models Consumers Pay Before Tax $1.20 After Tax $ Suppliers Receive $1.20 $ S S D D 1 Quantity 14
15 $ S X S Perfectly 0.8 Inelastic Supply D X D X Quantity $ S Perfectly Elastic Supply S X D X D X Quantity 15
Growth, competitiveness and jobs: priorities for the European Semester 2013 Presentation of J.M. Barroso,
Growth, competitiveness and jobs: priorities for the European Semester 213 Presentation of J.M. Barroso, President of the European Commission, to the European Council of 14-1 March 213 Economic recovery
More informationTaxation trends in the European Union EU27 tax ratio at 39.8% of GDP in 2007 Steady decline in top personal and corporate income tax rates since 2000
DG TAXUD STAT/09/92 22 June 2009 Taxation trends in the European Union EU27 tax ratio at 39.8% of GDP in 2007 Steady decline in top personal and corporate income tax rates since 2000 The overall tax-to-gdp
More informationCountry Health Profiles
State of Health in the EU Country Health Profiles Brussels, November 2017 1 The Country Health Profiles 1. Highlights 2. Health status 3. Risk Factors 4. Health System (description) 5. Performance of Health
More informationDATA SET ON INVESTMENT FUNDS (IVF) Naming Conventions
DIRECTORATE GENERAL STATISTICS LAST UPDATE: 10 APRIL 2013 DIVISION MONETARY & FINANCIAL STATISTICS ECB-UNRESTRICTED DATA SET ON INVESTMENT FUNDS (IVF) Naming Conventions The series keys related to Investment
More informationOctober 2010 Euro area unemployment rate at 10.1% EU27 at 9.6%
STAT//180 30 November 20 October 20 Euro area unemployment rate at.1% EU27 at 9.6% The euro area 1 (EA16) seasonally-adjusted 2 unemployment rate 3 was.1% in October 20, compared with.0% in September 4.
More informationJanuary 2010 Euro area unemployment rate at 9.9% EU27 at 9.5%
STAT//29 1 March 20 January 20 Euro area unemployment rate at 9.9% EU27 at 9.5% The euro area 1 (EA16) seasonally-adjusted 2 unemployment rate 3 was 9.9% in January 20, the same as in December 2009 4.
More informationNOTE ON EU27 CHILD POVERTY RATES
NOTE ON EU7 CHILD POVERTY RATES Research note prepared for Child Poverty Action Group Authors: H. Xavier Jara and Chrysa Leventi Institute for Social and Economic Research (ISER) University of Essex The
More informationEurofound in-house paper: Part-time work in Europe Companies and workers perspective
Eurofound in-house paper: Part-time work in Europe Companies and workers perspective Presented by: Eszter Sandor Research Officer, Surveys and Trends 26/03/2010 1 Objectives Examine the patterns of part-time
More informationMay 2009 Euro area external trade surplus 1.9 bn euro 6.8 bn euro deficit for EU27
STAT/09/106 17 July 2009 May 2009 Euro area external trade surplus 1.9 6.8 deficit for EU27 The first estimate for the euro area 1 (EA16) trade balance with the rest of the world in May 2009 gave a 1.9
More informationPROGRESS TOWARDS THE LISBON OBJECTIVES 2010 IN EDUCATION AND TRAINING
PROGRESS TOWARDS THE LISBON OBJECTIVES IN EDUCATION AND TRAINING In 7, reaching the benchmarks for continues to pose a serious challenge for education and training systems in Europe, except for the goal
More informationDecember 2010 Euro area annual inflation up to 2.2% EU up to 2.6%
STAT/11/9 14 January 2011 December 2010 Euro area annual inflation up to 2.2% EU up to 2.6% Euro area 1 annual inflation was 2.2% in December 2010 2, up from 1.9% in November. A year earlier the rate was
More informationPROGRESS TOWARDS THE LISBON OBJECTIVES 2010 IN EDUCATION AND TRAINING
PROGRESS TOWARDS THE LISBON OBJECTIVES IN EDUCATION AND TRAINING In, reaching the benchmarks for continues to pose a serious challenge for education and training systems in Europe, except for the goal
More informationEBA REPORT ON HIGH EARNERS
EBA REPORT ON HIGH EARNERS DATA AS OF END 2017 LONDON - 11/03/2019 1 Data on high earners List of figures 3 Executive summary 4 1. Data on high earners 6 1.1 Background 6 1.2 Data collected on high earners
More informationAugust 2008 Euro area external trade deficit 9.3 bn euro 27.2 bn euro deficit for EU27
STAT/08/143 17 October 2008 August 2008 Euro area external trade deficit 9.3 27.2 deficit for EU27 The first estimate for the euro area 1 (EA15) trade balance with the rest of the world in August 2008
More informationTable of Contents. Part 1 General Section
About the Editor Foreword v XV Part 1 General Section About this Guide 1-3 Background to the VAT in Europe 2-1 A. Principles of the VAT 2-2 B. VAT in the European Community 2-4 C. The European Union and
More informationFiscal competitiveness issues in Romania
Fiscal competitiveness issues in Romania Ionut Dumitru President of the Fiscal Council, Chief Economist Raiffeisen Bank* October 2014 World Bank Doing Business Report Ranking (out of 189 countries) Ease
More informationList of Prices and Services
1. Basic price Account management including bankomo credit card Until 31.12.17: EUR 4.90 (monthly) From 1.1.18: EUR 8.90 (monthly) 2. Account transactions 2.1 SEPA Credit Transfer in accordance with fair
More informationMay 2009 Euro area annual inflation down to 0.0% EU down to 0.7%
STAT/09/88 16 June 2009 May 2009 Euro area annual inflation down to 0.0% EU down to 0.7% Euro area 1 annual inflation was 0.0% in May 2009 2, down from 0.6% in April. A year earlier the rate was 3.7%.
More informationJanuary 2009 Euro area external trade deficit 10.5 bn euro 26.3 bn euro deficit for EU27
STAT/09/40 23 March 2009 January 2009 Euro area external trade deficit 10.5 26.3 deficit for EU27 The first estimate for the euro area 1 (EA16) trade balance with the rest of the world in January 2009
More informationCOMMISSION DECISION of 23 April 2012 on the second set of common safety targets as regards the rail system (notified under document C(2012) 2084)
27.4.2012 Official Journal of the European Union L 115/27 COMMISSION DECISION of 23 April 2012 on the second set of common safety targets as regards the rail system (notified under document C(2012) 2084)
More informationH Marie Skłodowska-Curie Actions (MSCA)
H2020 Key facts and figures (2014-2020) Number of IE researchers funded by MSCA: EU budget awarded to IE organisations (EUR million): Number of IE organisations in MSCA: 253 116,04 116 In detail, the number
More informationFiscal sustainability challenges in Romania
Preliminary Draft For discussion only Fiscal sustainability challenges in Romania Bucharest, May 10, 2011 Ionut Dumitru Anca Paliu Agenda 1. Main fiscal sustainability challenges 2. Tax collection issues
More informationGender pension gap economic perspective
Gender pension gap economic perspective Agnieszka Chłoń-Domińczak Institute of Statistics and Demography SGH Part of this research was supported by European Commission 7th Framework Programme project "Employment
More informationLibrary statistical spotlight
/9/2 Library of the European Parliament 6 4 2 This document aims to provide a picture of the, in particular by looking at car production trends since 2, at the number of enterprises and the turnover they
More informationFUNDS TRANSFER REQUEST FORM (for non-payroll payments) (Please type or print)
UNITED NATIONS NATIONS UNIES FUNDS TRANSFER REQUEST FORM (for non-payroll payments) (Please type or print) Before completing, please read the attached instructions carefully. This form must be completed
More informationApproach to Employment Injury (EI) compensation benefits in the EU and OECD
Approach to (EI) compensation benefits in the EU and OECD The benefits of protection can be divided in three main groups. The cash benefits include disability pensions, survivor's pensions and other short-
More informationSTAT/14/ October 2014
STAT/14/158-21 October 2014 Provision of deficit and debt data for 2013 - second notification Euro area and EU28 government deficit at 2.9% and 3.2% of GDP respectively Government debt at 90.9% and 85.4%
More informationThe EFTA Statistical Office: EEA - the figures and their use
The EFTA Statistical Office: EEA - the figures and their use EEA Seminar Brussels, 13 September 2012 1 Statistics Comparable, impartial and reliable statistical data are a prerequisite for a democratic
More informationHarmonised Index of Consumer Prices (HICP) August 2015
Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 MONTENEGRO STATISTICAL OFFICE R E L E A S E Broj: 201 Podgorica, 18 September 2015 When using the data please name the source
More information2 ENERGY EFFICIENCY 2030 targets: time for action
ENERGY EFFICIENCY 2030 targets: time for action The Coalition for Energy Savings The Coalition for Energy Savings strives to make energy efficiency and savings the first consideration of energy policies
More informationThemes Income and wages in Europe Wages, productivity and the wage share Working poverty and minimum wage The gender pay gap
5. W A G E D E V E L O P M E N T S At the ETUC Congress in Seville in 27, wage developments in Europe were among the most debated issues. One of the key problems highlighted in this respect was the need
More informationAdverse scenario for the European Insurance and Occupational Pensions Authority s EU-wide insurance stress test in 2018
9 April 218 ECB-PUBLIC Adverse scenario for the European Insurance and Occupational Pensions Authority s EU-wide insurance stress test in 218 Introduction In accordance with its mandate, the European Insurance
More informationH Marie Skłodowska-Curie Actions (MSCA)
H2020 Key facts and figures (2014-2020) Number of BE researchers funded by MSCA: EU budget awarded to BE organisations (EUR million): Number of BE organisations in MSCA: 274 161,04 227 In detail, the number
More informationSocial Protection and Social Inclusion in Europe Key facts and figures
MEMO/08/625 Brussels, 16 October 2008 Social Protection and Social Inclusion in Europe Key facts and figures What is the report and what are the main highlights? The European Commission today published
More informationBRIEF STATISTICS 2009
BRIEF STATISTICS 2009 Finnish Tax Administration The Tax Administration is organized under the jurisdiction of the Ministry of Finance. The Tax Administration collects about two-thirds of the taxes and
More informationSecuring sustainable and adequate social protection in the EU
Securing sustainable and adequate social protection in the EU Session on Social Protection & Security IFA 12th Global Conference on Ageing 11 June 2014, HICC Hyderabad India Dr Lieve Fransen European Commission
More informationH Marie Skłodowska-Curie Actions (MSCA)
H2020 Key facts and figures (2014-2020) Number of NL researchers funded by MSCA: EU budget awarded to NL organisations (EUR million): Number of NL organisations in MSCA: 427 268.91 351 In detail, the number
More informationFlash Eurobarometer 441. Report. European SMEs and the Circular Economy
European SMEs and the Circular Economy Survey requested by the European Commission, Directorate-General Environment and co-ordinated by the Directorate-General for Communication This document does not
More informationH Marie Skłodowska-Curie Actions (MSCA)
H2020 Key facts and figures (2014-2020) Number of FR researchers funded by MSCA: EU budget awarded to FR organisations (EUR million): Number of FR organisations in MSCA: 1 072 311.72 479 In detail, the
More informationH Marie Skłodowska-Curie Actions (MSCA)
H2020 Key facts and figures (2014-2020) Number of FI researchers funded by MSCA: EU budget awarded to FI organisations (EUR million): Number of FI organisations in MSCA: 155 47.93 89 In detail, the number
More informationH Marie Skłodowska-Curie Actions (MSCA)
H2020 Key facts and figures (2014-2020) Number of PT researchers funded by MSCA: EU budget awarded to PT organisations (EUR million): Number of PT organisations in MSCA: 716 66,67 165 In detail, the number
More informationCOMMISSION STAFF WORKING DOCUMENT Accompanying the document. Report form the Commission to the Council and the European Parliament
EUROPEAN COMMISSION Brussels, 4.5.2018 SWD(2018) 246 final PART 5/9 COMMISSION STAFF WORKING DOCUMENT Accompanying the document Report form the Commission to the Council and the European Parliament on
More informationFIRST REPORT COSTS AND PAST PERFORMANCE
FIRST REPORT COSTS AND PAST PERFORMANCE DECEMBER 2018 https://eiopa.europa.eu/ PDF ISBN 978-92-9473-131-9 ISSN 2599-8862 doi: 10.2854/480813 EI-AM-18-001-EN-N EIOPA, 2018 Reproduction is authorised provided
More informationH Marie Skłodowska-Curie Actions (MSCA)
H2020 Key facts and figures (2014-2020) Number of SE researchers funded by MSCA: EU budget awarded to SE organisations (EUR million): Number of SE organisations in MSCA: 138 114.71 150 In detail, the number
More informationState of play of CAP measure Setting up of Young Farmers in the European Union
State of play of CAP measure Setting up of Young Farmers in the European Union Michael Gregory EN RD Contact Point Seminar CEJA 20 th September 2010 Measure 112 rationale: Measure 112 - Setting up of young
More informationLEADER implementation update Leader/CLLD subgroup meeting Brussels, 21 April 2015
LEADER 2007-2013 implementation update Leader/CLLD subgroup meeting Brussels, 21 April 2015 #LeaderCLLD 2,416 2,416 8.9 Progress on LAG selection in the EU (2007-2013) 3 000 2 500 2 000 2 182 2 239 2 287
More informationTAX EUROPEAN UNION VAT RATES AND THRESHOLDS. At 1 January 2018
TAX EUROPEAN UNION RATES AND THRESHOLDS EUROPEAN UNION: RATES & THRESHOLDS Format of number registration Austria AT UST ATU12345678 30,000 (nil for non resident Belgium BE BTW BE 0123.456.789 NIL (option
More informationThe Eurostars Programme
The Eurostars Programme The EU-EUREKA joint funding programme for R&D-performing SMEs What is EUREKA? > 2 > EUREKA is a public network supporting R&D-performing businesses > Established in 1985 by French
More informationH Marie Skłodowska-Curie Actions (MSCA)
H2020 Key facts and figures (2014-2020) Number of LV researchers funded by MSCA: EU budget awarded to LV organisations (EUR million): Number of LV organisations in MSCA: 35 3.91 11 In detail, the number
More informationInvestment and Investment Finance. the EU and the Polish story. Debora Revoltella
Investment and Investment Finance the EU and the Polish story Debora Revoltella Director - Economics Department EIB Warsaw 27 February 2017 Narodowy Bank Polski European Investment Bank Contents We look
More informationHarmonised Index of Consumer Prices (HICP) April 2013
Apr-12 May-12 June-12 July-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 MONTENEGRO STATISTICAL OFFICE RELEASE No: 137 Podgorica, 17 May 2013 When using the data please name the source
More informationHOW RECESSION REFLECTS IN THE LABOUR MARKET INDICATORS
REPUBLIC OF SLOVENIA HOW RECESSION REFLECTS IN THE LABOUR MARKET INDICATORS Matej Divjak, Irena Svetin, Darjan Petek, Miran Žavbi, Nuška Brnot ??? What is recession?? Why in Europe???? Why in Slovenia?
More informationSwedish Fiscal Policy. Martin Flodén, Laura Hartman, Erik Höglin, Eva Oscarsson and Helena Svaleryd Meeting with IMF 3 June 2010
Swedish Fiscal Policy Martin Flodén, Laura Hartman, Erik Höglin, Eva Oscarsson and Helena Svaleryd Meeting with IMF 3 June 21 The S2 indicator Ireland Greece Luxembourg United Slovenia Spain Lithuania
More informationH Marie Skłodowska-Curie Actions (MSCA)
H2020 Key facts and figures (2014-2020) Number of AT researchers funded by MSCA: EU budget awarded to AT organisations (EUR million): Number of AT organisations in MSCA: 215 78.57 140 In detail, the number
More informationH Marie Sklodowska-Curie Actions (MSCA)
H2020 Key facts and figures (2014-2020) Number of FR researchers funded by MSCA: EU budget awarded to FR organisations (EUR million): Number of FR organisations in MSCA: 565 198.92 370 In detail, the number
More informationGuidelines compliance table
Guidelines compliance table EBA/GL/2018/01 12 January 2018; Date of application 20 March 2018 Guidelines on uniform disclosures under Article 473a of Regulation (EU) No 575/2013 as regards the transitional
More informationTwo years to go to the 2014 European elections European Parliament Eurobarometer (EB/EP 77.4)
Directorate-General for Communication PUBLIC OPINION MONITORING UNIT Brussels, 23 October 2012. Two years to go to the 2014 European elections European Parliament Eurobarometer (EB/EP 77.4) FOCUS ON THE
More informationMacroeconomic overview SEE and Macedonia
Macroeconomic overview SEE and Macedonia Zoltan Arokszallasi Chief Analyst, Macro & FX/FI Research Erste Group Bank Erste Investors Breakfast, 29 September, Skopje 02. Oktober SEE shows mixed performance
More informationCOMMISSION STAFF WORKING DOCUMENT Accompanying the document
EUROPEAN COMMISSION Brussels, 9.10.2017 SWD(2017) 330 final PART 13/13 COMMISSION STAFF WORKING DOCUMENT Accompanying the document REPORT FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT, THE COUNCIL, THE
More informationSTAT/14/64 23 April 2014
STAT/14/64 23 April 2014 Provision of deficit and debt data for 2013 - first notification Euro area and EU28 government deficit at 3.0% and 3.3% of GDP respectively Government debt at 92.6% and 87.1% In
More informationInvestment in Germany and the EU
Investment in Germany and the EU Pedro de Lima Head of the Economics Studies Division Economics Department Berlin 19/12/2016 11/01/2017 1 Slow recovery of investment, with strong heterogeneity Overall
More informationGuidelines compliance table
Guidelines compliance table EBA/GL/2017/01 Appendix 1 08 March 2017; Date of application 31 December 2017 (Updated: 14 November 2017) Guidelines on LCR disclosure to complement the disclosure of liquidity
More informationReport on the distribution of direct payments to agricultural producers (financial year 2016)
Report on the distribution of direct payments to agricultural producers (financial year 2016) Every year, the Commission publishes the distribution of direct payments to farmers by Member State. Figures
More informationH Marie Skłodowska-Curie Actions (MSCA)
H2020 Key facts and figures (2014-2020) Number of PT researchers funded by MSCA: EU budget awarded to PT organisations (EUR million): Number of PT organisations in MSCA: 592 54.79 135 In detail, the number
More informationFlash Eurobarometer 408 EUROPEAN YOUTH REPORT
Flash Eurobarometer EUROPEAN YOUTH REPORT Fieldwork: December 2014 Publication: April 2015 This survey has been requested by the European Commission, Directorate-General for Education and Culture and co-ordinated
More informationInvestment in Ireland and the EU
Investment in and the EU Debora Revoltella Director Economics Department Dublin April 10, 2017 20/04/2017 1 Real investment: IE v EU country groupings Real investment (2008 = 100) 180 160 140 120 100 80
More informationNote to ERAC Delegates
EUROPEAN COMMISSION DIRECTORATE-GENERAL FOR RESEARCH & INNOVATION Directorate A - Policy Development and Coordition Head of Unit A.2 - Programming and interinstitutiol relations Ref. Ares(214)275666-5/2/214
More informationRecommendations compliance table
Recommendations compliance table EBA/REC/2017/03 20 December 2017; Date of application 1 July 2018 Recommendations on outsourcing to cloud service providers The following competent authorities* or intend
More informationFlash Eurobarometer 470. Report. Work-life balance
Work-life balance Survey requested by the European Commission, Directorate-General for Justice and Consumers and co-ordinated by the Directorate-General for Communication This document does not represent
More informationHow much does it cost to make a payment?
How much does it cost to make a payment? Heiko Schmiedel European Central Bank Directorate General Payments & Market Infrastructure, Market Integration Division World Bank Global Payments Week 23 October
More informationTaylor & Francis Open Access Survey Open Access Mandates
Taylor & Francis Open Access Survey Open Access Mandates Annex C European Union November 2014 November 2014 0 The results presented in this report are based on research carried out on behalf of Taylor
More informationREFORM OF RULES ON EU VAT
REFORM OF RULES ON EU VAT MARIA ZENOVIA GRIGORE Associate Professor PhD, Faculty of Economics and Business Administration, Nicolae Titulescu University of Bucharest mgrigore@univnt.ro MARIANA GURĂU Lecturer
More informationTraffic Safety Basic Facts Main Figures. Traffic Safety Basic Facts Traffic Safety. Motorways Basic Facts 2015.
Traffic Safety Basic Facts 2013 - Main Figures Traffic Safety Basic Facts 2015 Traffic Safety Motorways Basic Facts 2015 Motorways General Almost 30.000 people were killed in road accidents on motorways
More informationAggregation of periods for unemployment benefits. Report on U1 Portable Documents for mobile workers Reference year 2016
Aggregation of periods for unemployment benefits Report on U1 Portable Documents for mobile workers Reference year 2016 Frederic De Wispelaere & Jozef Pacolet - HIVA KU Leuven June 2017 EUROPEAN COMMISSION
More informationGuidelines compliance table
compliance table EBA/GL/2018/05 18 July 2018; Date of application 1 January 2019 on fraud reporting under the Payment Services Directive 2 (PSD2) The following competent authorities* or intend to with
More informationH Marie Skłodowska-Curie Actions (MSCA)
H2020 Key facts and figures (2014-2020) Number of LT researchers funded by MSCA: EU budget awarded to LT organisations (EUR million): Number of LT organisations in MSCA: 79 5.03 21 In detail, the number
More informationMacroeconomic Policies in Europe: Quo Vadis A Comment
Macroeconomic Policies in Europe: Quo Vadis A Comment February 12, 2016 Helene Schuberth Outline Staff Projection of the Euro Area Monetary Policy Investment Rebalancing in the euro area Fiscal Policy
More informationInvestment in France and the EU
Investment in and the EU Natacha Valla March 2017 22/02/2017 1 Change relative to 2008Q1 % of GDP Slow recovery of investment, and with strong heterogeneity Overall Europe s recovery in investment is slow,
More informationPublic data underlying the figures of Annual Report on the Results of Monitoring the Internal Electricity and Natural Gas Markets in 2015
Public data underlying the figures of Annual Report on the Results of Monitoring the Internal Electricity and Natural Gas Markets in 2015 Consumer Protection and Empowerment Volume January 2017 Legal notice
More informationEXCISE IN TAX PRACTICE IN THE EUROPEAN UNION
EXCISE IN TAX PRACTICE IN THE EUROPEAN UNION Assist. Nicoleta Mihaela Florea PH. D University of Craiova Faculty of Economics and Business Administration Craiova, Romania Assist. Stelian Selisteanu Ph.
More informationFor further information, please see online or contact
For further information, please see http://ec.europa.eu/research/sme-techweb online or contact Lieve.VanWoensel@ec.europa.eu Seventh Progress Report on SMEs participation in the 7 th R&D Framework Programme
More informationEBRD 2016 Transition report presentation. Some additional lessons from the EU
EBRD 2016 Transition report presentation Some additional lessons from the EU Zsolt Darvas Bruegel 7 December 2016 1 Generational earnings elasticity (less mobility ) Social (or intergenerational) mobility:
More informationOverview of Eurofound surveys
Overview of Eurofound surveys Dublin 21 st October 2010 Maija Lyly-Yrjänäinen Eurofound data European Working Conditions Survey 91, 95, 00, 05, 10 European Quality of Life Survey 03, 07, 09, 10 (EB), 11
More informationEUROPEAN COMMISSION EUROSTAT
EUROPEAN COMMISSION EUROSTAT Directorate F: Social statistics Unit F-3: Labour market Doc.: Eurostat/F3/LAMAS/29/14 WORKING GROUP LABOUR MARKET STATISTICS Document for item 3.2.1 of the agenda LCS 2012
More informationSources of Government Revenue in the OECD, 2016
FISCAL FACT No. 517 July, 2016 Sources of Government Revenue in the OECD, 2016 By Kyle Pomerleau Director of Federal Projects Kevin Adams Research Assistant Key Findings OECD countries rely heavily on
More informationH Marie Skłodowska-Curie Actions (MSCA)
H2020 Key facts and figures (2014-2020) Number of CZ researchers funded by MSCA: EU budget awarded to CZ organisations (EUR million): Number of CZ organisations in MSCA: 157 23.11 58 In detail, the number
More informationGuidelines compliance table
Guidelines compliance table EBA/GL/2017/05 Appendix 1 11 May 2017; Date of application 01 January 2018 (Updated 19 February 2018) Guidelines on ICT Risk Assessment under the Supervisory Review and Evaluation
More informationDG TAXUD. STAT/11/100 1 July 2011
DG TAXUD STAT/11/100 1 July 2011 Taxation trends in the European Union Recession drove EU27 overall tax revenue down to 38.4% of GDP in 2009 Half of the Member States hiked the standard rate of VAT since
More informationMapping of national approaches in relation to creditworthiness assessment under Directive 2008/48/EC on credit agreements for consumers
Mapping of national approaches in relation to creditworthiness assessment under Directive 2008/48/EC on credit agreements for consumers 1. Introduction Directive 2008/48/EC of the European Parliament and
More informationEnergy Services Market in the EU: NEEAP and EED Implementation Paolo Bertoldi and Benigna Kiss
Energy Services Market in the EU: NEEAP and EED Implementation Paolo Bertoldi and Benigna Kiss European Commission DG JRC Institute for Energy and Transport 1 Introduction The JRC regularly publishes information
More informationSpecial Eurobarometer 418 SOCIAL CLIMATE REPORT
Special Eurobarometer 418 SOCIAL CLIMATE REPORT Fieldwork: June 2014 Publication: November 2014 This survey has been requested by the European Commission, Directorate-General for Employment, Social Affairs
More informationSources of Government Revenue in the OECD, 2017
FISCAL FACT No. 558 Aug. 2017 Sources of Government Revenue in the OECD, 2017 Amir El-Sibaie Analyst Key Findings: OECD countries rely heavily on consumption taxes, such as the value-added tax, and social
More informationIssues Paper. 29 February 2012
29 February 212 Issues Paper In the context of the European semester, the March European Council gives, on the basis of the Commission's Annual Growth Survey, guidance to Member States for the Stability
More informationThe Skillsnet project on Medium-term forecasts of occupational skill needs in Europe: Replacement demand and cohort change analysis
The Skillsnet project on Medium-term forecasts of occupational skill needs in Europe: Replacement demand and cohort change analysis Paper presented at the Workshop on Medium-term forecast of occupational
More informationTraffic Safety Basic Facts Main Figures. Traffic Safety Basic Facts Traffic Safety. Motorways Basic Facts 2016.
Traffic Safety Basic Facts 2013 - Main Figures Traffic Safety Basic Facts 2015 Traffic Safety Motorways Basic Facts 2016 Motorways General Almost 26.000 people were killed in road accidents on motorways
More informationTraffic Safety Basic Facts Main Figures. Traffic Safety Basic Facts Traffic Safety. Motorways Basic Facts 2017.
Traffic Safety Basic Facts 2013 - Main Figures Traffic Safety Basic Facts 2015 Traffic Safety Motorways Basic Facts 2017 Motorways General More than 24.000 people were killed in road accidents on motorways
More informationAttitudes of Europeans Towards Tourism REPORT
Flash Eurobarometer Attitudes of Europeans Towards Tourism REPORT Fieldwork: January 22 Publication: March 22 This survey has been requested by the Directorate-General Enterprise and co-ordinated by Directorate-
More informationFinnish pension (investment) system. 28th Ljubljana Stock Exchange Conference May 2011 Mika Vidlund
Finnish pension (investment) system 28th Ljubljana Stock Exchange Conference May 2011 Mika Vidlund 2 Contents Overall picture of the Finnish pension system EU-Commission s guidelines for how to make pension
More informationAleksandra Dyba University of Economics in Krakow
61 Aleksandra Dyba University of Economics in Krakow dyba@uek.krakow.pl Abstract Purpose development is nowadays a crucial global challenge. The European aims at building a competitive economy, however,
More informationMedicines for Europe (MFE) HCP/HCO/PO Disclosure Transparency Requirements. Samsung Bioepis Methodology Note
Medicines for Europe (MFE) HCP/HCO/PO Disclosure Transparency Requirements Samsung Bioepis Methodology Note 1 Contents 1. Overview of the MFE Requirements 2. Decisions 3. Submission Requirements 4. Categories
More information