- Member states can designate the recipient of supplies to pay and calculate value added tax in special cases
- The reverse tax mechanism simplifies rules and prevents tax evasion in certain sectors
- Detailed rules for the implementation of the reverse tax mechanism are included in the Value Added Tax Act
- Taxpayers supplying goods and services under the mechanism must report to the tax authority
- Recipients of supplies under the mechanism must calculate and pay VAT instead of the suppliers
Source: racunovodja.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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