Czech Republic has asked the European Commission (EC) to focus on the fight against VAT tax evasions. VAT frauds influence member countries´ budgets more intensively than aggressive corporate income tax planning. This stems from the Czech Republic´s statement in the minutes from the Economic and Financial Affairs Council (ECOFIN) meeting. In its work on the definitive VAT regime in the EU, the EC must act identically regarding all alternatives, incl. wider application of the reverse charge method, CR argues. CR is ready to test the option in a pilot project.

Source: www.cianews.cz