26.09.2012

The main objective of the EU Directive on administrative cooperation in the field of taxation is to prevent double taxation or double non-taxation. Both information exchange and the administrative cooperation proper are considered as one of the most effective measures to combat fraud, said Lyudmila Petkova, Director of MoF Tax Policy Directorate, in an interview for Radio Focus program Finance on Focus.

In the interview Lyudmila Petkova explained the new changes in the TSSPC and informed that the administrative cooperation between Member States would be enhanced. A new possibility is provided in addition to information exchange and mutual assistance - to perform simultaneous controls and inspections, as well as to participate in administrative proceedings, she explained further. The administrative cooperation will cover direct and indirect taxes, the expert added.