Council Directive 69/335/EEC of 17 July 1969 concerning indirect taxes on the raising of capital
Modified by
  • Council Directive 73/79/EEC of 9 April 1973, 373L0079, April 18, 1973
  • Council Directive 74/553/EEC of 7 November 1974, 374L0553, November 13, 1974
  • Council Directive 85/303/EEC of 10 June 1985, 385L0303, June 15, 1985
  • Actconcerning the Conditions of Accession and the Adjustments to the Treaties Council Decision of the European Communitiesof 1 January 1973adjusting the instruments concerning the accession of new Member States to the European Communities, 172B373D0101(01), March 27, 1972
  • Council Decision of the European Communitiesof 1 January 1973adjusting the instruments concerning the accession of new Member States to the European Communities, 373D0101(01), January 1, 1973
  • Actconcerning the conditions of accession of the Hellenic Republic and the adjustments to the Treaties, 179H, November 19, 1979
  • Actconcerning the conditions of accession of the Kingdom of Spain and the Portuguese Republic and the adjustments to the Treaties, 185I, November 15, 1985
  • Actconcerning the conditions of accession of the Kingdom of Norway, the Republic of Austria, the Republic of Finland and the Kingdom of Sweden and the adjustments to the Treaties on which the European Union is founded(94/C 241/08) Decision of the Council of the European Unionof 1 January 1995adjusting the instruments concerning the accession of new Member States to the European Union(95/1/EC, Euratom, ECSC), 194N395D0001, August 29, 1994
  • Decision of the Council of the European Unionof 1 January 1995adjusting the instruments concerning the accession of new Member States to the European Union(95/1/EC, Euratom, ECSC), 395D0001, January 1, 1995
  • Actconcerning the conditions of accession of the Czech Republic, the Republic of Estonia, the Republic of Cyprus, the Republic of Latvia, the Republic of Lithuania, the Republic of Hungary, the Republic of Malta, the Republic of Poland, the Republic of Slovenia and the Slovak Republic and the adjustments to the Treaties on which the European Union is founded, 103T, September 23, 2003
  • Council Directive 2006/98/ECof 20 November 2006adapting certain Directives in the field of taxation, by reason of the accession of Bulgaria and Romania, 306L0098, December 20, 2006
Council Directiveof 17 July 1969concerning indirect taxes on the raising of capital(69/335/EEC) THE COUNCIL OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Economic Community, and in particular Articles 99 and 100 thereof; Having regard to the proposal from the Commission; Having regard to the Opinion of the European ParliamentOJ No 119, 3. 7. 1965, p. 2057/65.; Having regard to the Opinion of the Economic and Social CommitteeOJ No 134, 23. 7. 1965, p. 2227/65.; Whereas the objective of the Treaty is to create an economic union whose characteristics are similar to those of a domestic market and whereas one of the essential conditions for achieving this is the promotion of the free movement of capital; Whereas the indirect taxes on the raising of capital, in force in the Member States at the present time, namely the duty chargeable on contribution of capital to companies and firms and the stamp duty on securities, give rise to discrimination, double taxation and disparities which interfere with the free movement of capital and which, consequently, must be eliminated by harmonisation Whereas the harmonisation of such taxes on the raising of capital must be arranged in such a way as to minimise the budgetary repercussions for Member States; Whereas the charging of stamp duty by a Member State on securities from other Member States introduced into or issued within its territory is contrary to the concept of a common market whose characteristics are those of a domestic market; whereas, in addition, it has become evident that the retention of stamp duty on the issue of securities in respect of internal loans and on the introduction or issue on the market of a Member State of foreign securities is both undesirable from the economic point of view and inconsistent with current developments in the tax laws of the Member States in this field; Whereas, in these circumstances, it is advisable to abolish the stamp duty on securities, regardless of the origin of such securities, and regardless of whether they represent a company's own capital or its loan capital; Whereas it is inherent in the concept of a common market whose characteristics are those of a domestic market that duty on the raising of capital within the common market by a company or firm should be charged only once and that the level of this duty should be the same in all Member States so as not to interfere with the movement of capital; Whereas, therefore, this duty should be harmonised, with regard both to its structures and to its rates; Whereas the retention of other indirect taxes with the same characteristics as the capital duty or the stamp duty on securities might frustrate the purpose of the measures provided for in this Directive and those taxes should therefore be abolished; HAS ADOPTED THIS DIRECTIVE:
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