- Services account for 75% of GDP and employment in the EU market
- EU is the world’s largest importer and exporter of services
- Taxability rules and regulations for services are crucial for revenue distribution
- Place of supply rules determine VAT charging and remittance
- Different rules for B2B and B2C supply of services
- B2B supply depends on buyer’s location, B2C supply depends on supplier’s location
- Special rules for specific services like immovable property and transportation services
Source: vatabout.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.
Latest Posts in "European Union"
- CJEU Confirms TP Adjustments as VAT-Applicable Services, Requires Supporting Documentation
- Court of Justice Rules on VAT for Intra-Group Services and Evidence Requirements for Deductions
- ECJ Rules Compensation Payments in Transfer Pricing as Taxable Supply for VAT Purposes
- ECJ Rules Non-Transactional Profit Adjustments by Principal Are VAT-Applicable Services in Arcomet Case
- Understanding VAT Implications on Transfer Pricing: Insights from Arcomet Case C-726/23
