VAT reverse-charge mechanism
COMCMT1R-EP1R-C2R-EPCNCADO
Updated 26d ago
This procedure concerns the VAT reverse-charge mechanism, a system where the recipient of goods or services is responsible for paying VAT, rather than the supplier. It aims to combat economic fraud and corruption within the indirect taxation system.
The changes primarily affect businesses involved in transactions subject to VAT, particularly those susceptible to fraud. The goal is to simplify VAT collection and enhance its effectiveness against illicit activities.