The programme will provide the "necessary legal and budgetary basis" for new data interchange systems between Member States, and for the expansion of the existing systems in the VAT and excise duties fields.
Fiscalis 2003-2007 also introduces multilateral controls to direct taxation, and provides for seminars and other common training programmes for Member States' national taxation officials.
Fiscalis 2003-2007 replaces an existing programme which expires at the end of the year, extending its scope to direct taxation. The cost of the programme, estimated to €44 million, will be spread over five years.