Tax & Financial Standards

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Overview

Tax & Financial Standards (Tax&FSt) is an information system, designed for the countries of the European Economic Area (EEA), that provides in a plain language information regarding  economic matters, financial regulations and tax practices in accordance with the current state of the VAT Directive.  It can guide the user through the complex structure of the VAT Directive applicable to practical examples from the European Court.  

The service offers access to economic rules and legal regulation of commercial and financial relations in the European common market, as well as European fiscal and business practices based on the standards, decisions and rulings of the European Court enforceable in the EU member states. Furthermore, it contains legal and administrative provisions of the EU Community, which ensure uniform application of a common economic system for the internal market. 

 Compliance with these mandatory requirements is important for the smooth operation of the legislative and administrative practices in the EU Member States. Therefore, the service contains regulated types of transactions, categories and concepts of individual commercial transactions and assets to ensure the equal tax treatment by the Member States of supplies of goods and services related to economic activity.

Tax & Financial Standards includes:

  • General tax regulations, commercial and financial activities of the EU Member states as reflected in the EU regulations and directives
  • European fiscal, social and business practice based on the decisions and rulings of the European Court
  • Economic and financial operations that apply in EU Member states
  • National case law in the area of VAT
  • Financial and insurance bodies accredited to operate within the European Community
  • Quarterly interest rates for countries outside the Eurozone
  • ECB based Interest and compensatory interest
  • Macroeconomic indicators
  • Basic Tax information in the EEA
  • Other

Content scope

Regulations of the European Union: contracts, international agreements, legislation - regulations, directives, decisions, other acts (in 4 languages - English, German, French and Bulgarian). International accounting standards (IAS) and International Financial Reporting Standards (IFRS) - Consolidated versions.

Legislative proposals of the Commission and Council common positions covering the economic issue category. Documents (COM), used in the analysis and preparation of EU legislation, prepared at various stages of the legislative and budgetary procedure.

Case law of the European Union: decisions, resolutions, statements and other acts of the Court of Justice, the General Court and the Civil Service Tribunal (in 4 languages - English, German, French and Bulgarian).

Summaries of European financial practice in a given case, according to the existing legal and economic system of the European Union by the established rules for the implementation of directives, regulations and standards. References to decisions in the same field (similar cases) invoked by the court, when it handed down its decision. When systemized, the judgments are summarized, according to the specific question.

The opinion of the Advocate General prior to the decision of the European Court of Justice on the interpretation and application of the European standards, concerning the matter.

 

Subject matter classifiers

Financial applications

  • Summary tables, calendars, charts are used to illustrate the topic. In order to present in a synthesized or graphic form the basic parameters of the matter – economic area, the date to which the topic is current, national organization, etc.
  • Approved and recommended applications and documents. They are available in the form of tables, queries, forms, templates, samples, with the option for automated filling in and calculation. The individual columns of the fields allow a choice between several options according to specifications when filling them in.

Tax information references

Exchange rates and interest rates

  • Exchange rates, not listed in ECB's bulletin from 2001 to 2015
  • ECB's exchange rates from 2000 to 2015
  • Average monthly value of EURIBOR for EUR from 2000 to 2015
  • Key interest rates of the ECB, concerning major refinancing operations
  • Key interest rates of the ECB’s deposit facility rate
  • Key interest rates the ECB's marginal lending facility rate
  • Quarterly interest as annual percentage, period averages for countries outside the Eurozone

Statistical information

  • Health insurance institutions in the EU member states
  • Calendar for the Eurosystem's tender operations in 2015
  • Country codes
  • EU Member states codes used before the VAT identification numbers
  • Eurostat Final consumption expenditure of households and indices of price levels, ЕU 28 = 100
  • Classifier of the types of transportation
  • Macroeconomic projections for the real GDP in the Eurozone
  • Interest rates on credits (loans). Loans to non-financial corporations (NFC)
  • Real GDP per capita and pace of growth
  • Harmonized Index of Consumer Prices (HICP) in the European Union
  • Minimum wage and purchasing power in the EU member states
  • Levels of unemployment in the EU member states for the years 2007 - 2014
  • Nomenclature of countries and territories for the purposes of external trade statistics (GEONOM)
  • Thresholds for VAT registration in the EU member states
  • Application of "parking" (preferential) rate in some of the EU member state
  • Application of reduced VAT rates by the EU member states to categories of goods and services, contained in Annex III to Directive 2006/112/ЕU
  • Cases in which the zero rate is applied to consumption in the legislation of EU member states (Section VIII, Part IV of the VAT Directive 2006/112 / EU)
  • Development rates of the VAT applicable in the EU Member States

Tax information

  • Thresholds for VAT registration in the EU member states
  • Application of "parking" (preferential) rate in some of the EU member states
  • Application of reduced VAT rates by the EU member states to categories of goods and services, contained in Annex III to Directive 2006/112/ЕU
  • Cases in which the zero rate is applied to consumption in the legislation of EU member states (Section VIII, Part IV of the VAT Directive 2006/112 / EU)
  • Development rates of the VAT applicable in the EU Member States

Legal economic terms and definitions

"Legal definitions" - allows the user to find their definitions from all documents in EU law and the provisions therein, giving a legal definition of the term specified by the user. This option supports and facilitates searching for legally defined concepts both in the legislation and in the decisions which contain them.

The economics dictionary contains:

  • Vocabulary of the financial crisis - basic concepts
  • Financial glossary
  • Legal terms (definitions) under the International accounting standards and the International Financial Reporting Standards

Pricelist

 

 

 

 

 

 

Note: The Academic pack is primarily meant for universities, educational institutions and libraries. Furthermore, the Academic pack is IP restricted, so EuroCases cannot be accessed outside the premises of the library. When using the Academic pack, the access to EuroCases is purely IP based. Therefore, the user will not need a username or password to access the database.

If you want to purchase a different number of licences or the Academic pack, please contact us, so we can arrange the transaction and send you an invoice:

e-mail: office@eurocases.eu

Phone: (+359 2) 40 801 40

EuroCases

340VAT excl.

for account per year

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TAX & FINANCIAL STANDARDS

240VAT excl.

for account per year

For full pricelist see here 

Buy now Free trial