The European Commission’s collaboration with the Member States' Ministries of Finance has resulted in a new online information tool on taxes in the EU. For each Member States’ income tax, VAT, excise duties, as well as social security contributions, the tool contains information on the legal basis, assessment base, main exemptions and applicable rate(s). The new tool does not include customs duties and tariffs as these are regulated at EU level, although such information is available via the Commission’s TARIC database. The yearly updated tax database gives direct and free access to information that was previously only available in part. Furthermore, the online tool fosters transparency by allowing an easy comparison between the various taxation systems in the EU.