Council Directive 2004/66/ECShow full title

V. TAXATION

1. Sixth Council Directive 77/388/EEC of 17 May 1977 on the harmonisation of the laws of the Member States relating to turnover taxes — Common system of value added tax: uniform basis of assessment.

(a)

Article 24 bis is replaced by the following:

‘Article 24a

In implementing Article 24(2) to (6), the following Member States may grant an exemption from value added tax to taxable persons whose annual turnover is less than the equivalent in national currency at the conversion rate on the date of their accession:

• in the Czech Republic: EUR 35 000;

• in Estonia: EUR 16 000;

• in Cyprus: EUR 15 600;

• in Latvia: EUR 17 200;

• in Lithuania: EUR 29 000;

• in Hungary: EUR 35 000;

• in Malta: EUR 37 000 when the economic activity consists principally in the supply of goods, EUR 24 300 when the economic activity consists principally in the supply of services with a low value added (high inputs), and EUR 14 600 in other cases, namely service providers with a high value added (low inputs);

• in Poland: EUR 10 000;

• in Slovenia: EUR 25 000;

• in Slovakia: EUR 35 000.’

(b)

Article 28m is replaced by the following:

‘Article 28m Rate of conversion

To determine the equivalents in their national currencies of amounts expressed in ecus in this Title Member States shall use the rate of exchange applicable on 16 December 1991.* However, the Czech Republic, Estonia, Cyprus, Latvia, Lithuania, Hungary, Malta, Poland, Slovenia and Slovakia shall use the rate of exchange applicable on the date of their accession.’.

(c)

Article 17(3)(b), in the version set out in Article 28f(1)(1), is replaced by the following:

‘(b)

transactions which are exempt pursuant to Article 14(1)(g) and (i), 15, 16(1) (B), (C), (D) or (E) or (2) or 28c (A) and (C).’.

2. Council Directive 2003/48/EC of 3 June 2003 on taxation of savings income in the form of interest payments.

In the Annex, the following is inserted between the entries for Italy and Portugal:

‘Latvia	Pašvaldības (local governments)
Poland	gminy (communes) powiaty (districts) województwa (provinces) związki gmin (associations of communes) powiatów (association of districts) województw (association of provinces) miasto stołeczne Warszawa (capital city of Warsaw) Agencja Restrukturyzacji i Modernizacji Rolnictwa (Agency for Restructuring and Modernisation of Agriculture) Agencja Nieruchomości Rolnych (Agricultural Property Agency)’

and, after the entries for Portugal:

‘Slovakia

mestá a obce (municipalities) Železnice Slovenskej republiky (Slovak Railway Company) Štátny fond cestného hospodárstva (State Road Management Fund) Slovenské elektrárne (Slovak Power Plants) Vodohospodárska výstavba (Water Economy Building Company)’.

3. Council Directive 2003/49/EC of 3 June 2003 on a common system of taxation applicable to interest and royalty payments made between associated companies of different Member States.

(a)

The following is added to Article 3(a)(iii):

• ‘Daň z příjmů právnických osob in the Czech Republic,

• Tulumaks in Estonia,

• φόρος εισοδήματος in Cyprus,

• Uzņēmumu ienākuma nodoklis in Latvia,

• Pelno mokestis in Lithuania,

• Társasági adó in Hungary,

• Taxxa fuq l-income in Malta,

• Podatek dochodowy od osób prawnych in Poland,

• Davek od dobička pravnih oseb in Slovenia,

• Daň z príjmov právnických osôb in Slovakia’.

(b)

The following is added to the Annex:

‘(p)

companies under Czech law known as: “akciová společnost”, “společnost s ručením omezeným”, “veřejná obchodní společnost”, “komanditní společnost”, “družstvo”;

(q)

companies under Estonian law known as: “täisühing”, “usaldusühing”, “osaühing”, “aktsiaselts”, “tulundusühistu”;

(r)

companies under Cypriot law known as: companies in accordance with the Company's Law, Public Corporate Bodies as well as any other Body which is considered as a company in accordance with the Income tax Laws;

(s)

companies under Latvian law known as: “akciju sabiedrība”, “sabiedrība ar ierobežotu atbildību”;

(t)

companies incorporated under the law of Lithuania;

(u)

companies under Hungarian law known as: “közkereseti társaság”, “betéti társaság”, “közös vállalat”, “korlátolt felelősségű társaság”, “részvénytársaság”, “egyesülés”, “közhasznú társaság”, “szövetkezet”;

(v)

companies under Maltese law known as: “Kumpaniji ta' Responsabilita' Limitata”, “Soċjetajiet in akkomandita li l-kapital tagħhom maqsum f'azzjonijiet”;

(w)

companies under Polish law known as: “spółka akcyjna”, “spółka z ograniczoną odpowiedzialnością”;

(x)

companies under Slovenian law known as: “delniška družba”, “komanditna delniška družba”, “komanditna družba”, “družba z omejeno odgovornostjo”, “družba z neomejeno odgovornostjo”;

(y)

companies under Slovak law known as: “akciová spoločnos”, “spoločnosť s ručením obmedzeným”, “komanditná spoločnos”, “verejná obchodná spoločnos”, “družstvo”.’

(1)

The Sixth VAT Directive contains two versions of Article 17(3)(b). Article 28f(1) of that Directive contains the provision which is currently applicable. This particular situation was not properly accounted for in Protocol No. 3 to the Act of Accession which in error amended the version of Article 17(3)(b) which is not currently applicable. The version currently applicable has therefore also to be amended.