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Image header Agence Europe
Europe Daily Bulletin No. 10801
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 €10,000. The decision will expire on 31 December 2013 or on the date of the entry into force of any EU rules allowing all member states to adopt such measures (see EUROPE 10799). (FG/transl.fl)

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