The European Community's Value-Added Tax System: Analysis of the New Transitional Regime and Prospects for Further Harmonization

Abstract

R EGIM E .................................................... 7 IV. THE TRANSITIONAL REGIME ........................................ 9 A. Purpose, Theory, and Basic Concepts of the Transitional R egim e ................................................. 9 B. Obligations, under the General VAT Scheme ............... 16 1. Registration for the VAT .............................. 16 2. VAT Identification Number ............................ 18 3. Accounts and the VAT Register ........................ 20 4. Invoices ............................................. 21 5. Filing of Returns and Payment of Taxes ................ 23 6. Recapitulative Statement .............................. 24 a. Exempt Intra-Community Supplies .................. 27