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Europe Daily Bulletin No. 10801

8 March 2013
ECONOMY - FINANCE - BUSINESS / (ae) taxation
Netherlands authorised to apply reverse charge VAT system

Brussels, 07/03/2013 (Agence Europe) - The Ecofin Council, meeting on 5 March, has authorised the Netherlands temporarily to implement, by way of derogation to the VAT directive, the reverse charge mechanism (whereby the recipient takes on the tax liability instead of the supplier) for the payment of VAT on supplies of mobile phones, integrated circuit devices, games consoles and personal computers for mobile use. This derogation will apply to goods for which the taxable amount is at least...

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