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Europe Daily Bulletin No. 12277

19 June 2019
Contents Publication in full By article 21 / 30
ECONOMY - FINANCE - BUSINESS / Taxation
Commission opposes application of reverse charge mechanism for VAT on petroleum products by Lithuania
Brussels, 18/06/2019 (Agence Europe)

The European Commission on Monday 17, opposed a request for a derogation submitted by Lithuania, which would allow it to apply the reverse charge mechanism in the sector of petroleum products and additives.

In a communication to the EU Council, it states that such a derogation could have adverse impacts on fraud at the retail level and on other Member States.

Lithuania requested, under Article 395 of the VAT Directive, that the EU Council, acting upon a proposal from the Commission,...

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