Council Regulation (EC, ECSC, Euratom) No 2459/98 of 12 November 1998 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

In Regulation (EEC, Euratom, ECSC) No 260/68 the term ‘Belgian francs’ shall be replaced by the term ‘euros’ and amounts expressed in Belgian francs are replaced by their equivalent in euro units at the conversion rate laid down by the Council. The rules relating to the rounding of amounts laid down in Council Regulation (EC) No 1103/97 of 17 June 1997 on certain provisions relating to the introduction of the euro , shall apply.

Tax shall be collected by means of deduction at source. The amount shall be rounded down to one hundredth of a euro.’

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

This Regulation shall enter into force on the day of its publication in the Official Journal of the European Communities. It shall apply from 1 January 1999.