Germany – Reverse Charge for some metal products as from 1 October 2014

PwC Global Brand  Industry: Downstream Refinery Construction Expansion Photo_RGB_Rep_0571_004.jpgIn order to fight against tax fraud there is a change of the tax liability for number of metal products as from 1 of October. Reverse charge is applicable for the products in the list below. Therefore it is of utmost importance to check all the incoming invoices for this type of products as incorrectly charged VAT by the supplier will be not credited by the tax authorities. In case of a VAT audit such input VAT will have to repay back with additional late payment interest as well as possible penalties.

Reverse Charge für Metallerzeugnisse

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