Exercise: Taxation

1. What type of taxation is rules by the EU?

all type of taxation

only direct taxation is under the Community rules

only indirect taxation is under the Community rules

taxation is of the symbols of national sovereignty, so neither direct nor indirect taxation is rules by the EU

2. What kind of taxes has the harmonisation concentrated on?

□ Income tax □ Property tax

□ Value added tax

□ Luxury tax □ Excise duties

3. What VAT rates are to be applied in Member States?

at least 5 %

maximum 5 %

at least 15 %

maximum 15 %

4. For which products excise duty is applied? Write 3 products with their rates!

www.europa.eu

Products

Excise duty rate