ECONOMY - FINANCE - BUSINESS / Taxation

French accountants call for widespread reverse charge mechanism for VAT

Brussels, 29/09/2016 (Agence Europe)

The Higher Council of Accountants in France took advantage of its congress in Brussels on Wednesday 28 and Thursday 29 October to submit tax proposals to EU Taxation Commissioner Pierre Moscovici.

In a press release, the Higher Council said its proposals are supported by Germany, Italy, Spain and Belgium.

For VAT, the Higher Council recommends extending the VAT reverse charge mechanism from the purchase of investment goods and services to other sectors.  The accountants say this will...