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Austria, Finland, and Sweden joined the European Union as of 1 January 1995. No transition provisions apply as regards VAT with respect to the three new Member States. Accordingly, all VAT provisions relating to EU entrepreneurs now apply to entrepreneurs in Austria, Finland, and Sweden as well. The principal changes are explained in a circular published by the German Federal Ministry of Finance (Bundesministerium der Finanzen) dated 14 December 1995 (DB 1995, 14).
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This article treats the subjects covered in condensed form. It is intended to provide a general guide to the subject matter and should not be relied on as a basis for business decisions. Specialist advice must be sought with respect to your individual circumstances. We in particular insist that the tax law and other sources on which the article is based be consulted in the original, whether or not such sources are named in the article. Please note as well that later versions of this article or other articles on related topics may have since appeared on this database or elsewhere and should also be searched for and consulted. While our articles are carefully reviewed, we can accept no responsibility in the event of any inaccuracy or omission. Any claims nevertheless raised on the basis of this article are subject to German substantive law and, to the extent permissible thereunder, to the exclusive jurisdiction of the courts in Frankfurt am Main, Germany. This article is the intellectual property of KPMG Deutsche Treuhand-Gesellschaft AG (KPMG Germany). Distribution to third persons is prohibited without our express written consent in advance.