Explanatory Memorandum to COM(1998)324-2 - Amendment of Regulation (EEC, Euratom, ECSC) No 260/68 laying down the conditions and procedure for applying the tax for the benefit of the EC

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dossier COM(1998)324-2 - Amendment of Regulation (EEC, Euratom, ECSC) No 260/68 laying down the conditions and procedure for applying the tax for ...
source COM(1998)324 EN
date 20-05-1998
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51998PC0324(02)

Proposal for a Council Regulation (ECSC, EC, Euratom) amending Regulation (EEC, Euratom, ECSC) No 260/68 laying down the conditions and procedure for applying the tax for the benefit of the European Communities /* COM/98/0324 final */

Official Journal C 192 , 19/06/1998 P. 0009


Proposal for a Council Regulation (ECSC, EC, Euratom) amending Regulation (EEC, Euratom, ECSC) No 260/68 laying down the conditions and procedure for applying the tax for the benefit of the European Communities (98/C 192/07) COM(1998) 324 final - 98/0190(CNS)

(Submitted by the Commission in accordance with Article 13 of the Protocol on the Privileges and Immunities of the European Communities on 20 May 1998)

THE COUNCIL OF THE EUROPEAN UNION,

Having regard to the Treaty establishing a single Council and a single Commission of the European Communities,

Having regard to the Protocol on the Privileges and Immunities of the European Communities, and in particular Article 13 thereof,

Having regard to the Treaty establishing the European Community, and in particular the third sentence of Article 109l(4) and Article 235 thereof,

Having regard to Council Regulation (EC) No 1103/97 of 17 June 1997 on certain provisions relating to the introduction of the euro (1),

Having regard to Regulation (EC) No . . ./98 (2) on the introduction of the euro,

Having regard to the proposal from the Commission,

Whereas, having regard to Council Regulation No . . ./98 amending Regulation (EEC, Euratom, ECSC) No 259/68 (3) laying down the Staff Regulations of Officials and the Conditions of Employment of Other Servants of the European Communities and the other Regulations applicable to them with regard to the establishment of remuneration, pensions and other financial entitlements in euro, Council Regulation (EEC, Euratom, ECSC) No 260/68 (4), as last amended by Regulation (ECSC, EEC, Euratom) No . . . /98, should be amended,

HAS ADOPTED THIS REGULATION:


Article 1

In Council Regulation No 260/68 the term 'Belgian francs` is replaced by the term 'euro` and amounts expressed in Belgian francs are replaced by their equivalent in euro units at the conversion rate.

The rules relating to the rounding of amounts laid down in Regulation (EC) No 1103/97 shall apply.


Article 2

Article 8 is amended to read: 'Tax shall be collected by means of deduction at source. The amount shall be rounded down to one 100th of a euro`.


Article 3

On 1 January 1999, pursuant to this Regulation, the Commission shall effect the conversion into euro of the amounts in Belgian francs in Regulation (EEC, Euratom, ECSC) No 260/68; these values shall be published in the Official Journal of the European Communities in January 1999.


Article 4

This Regulation shall enter into force on . . .

It shall be applicable from 1 January 1999.


This Regulation shall be binding in its entirety and directly applicable in all Member States.


OJ L 162, 19.6.1997, p. 1.

European Council Resolution of 7 July 1997 (OJ C 236, 2.8.1997, p.

7).

OJ L 56, 4.3.1968, p. 1.

OJ L 56, 4.3.1968, p. 8.