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Europe Daily Bulletin No. 11713

28 January 2017
ECONOMY - FINANCE - BUSINESS / Taxation
VAT – Vienna and Prague disappointed at proposal for reverse-charge mechanism
Brussels, 27/01/2017 (Agence Europe)

The European commission's proposal to allow member states to carry out pilot projects for a reverse-charge VAT system (providing for the VAT to be paid by the final consumer) has been a disappointment to the countries that were eagerly awaiting it.

The proposal, which was presented on 21 December of last year following a promise made to the Czech Republic, is fairly restrictive in the eligibility criteria it lays down for the mechanism.

The way the Commission has drafted the text is not...

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