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European Parliament Approves Proposed Extension of VAT Reverse Charge and Quick Reaction Mechanisms

The European Parliament has published the Legislative Resolution of 3 May 2022, which approves the European Commission’s proposal for a Council Directive amending Directive 2006/112/EC as regards the extension of the application period of the optional reverse charge mechanism in relation to supplies of certain goods and services susceptible to fraud and of the Quick Reaction Mechanism against VAT fraud.

Source: Orbitax

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