The Reverse Charge Mechanism

Abstract

In this article we aim to present the aspects of the goods and services delivery that qualifies for reverse charge, given the fact that the scope of the reverse charge extended even more in the last period of time. It is very important that any professional accountant is acquainted with all the operations that qualify for reverse charge because, if this is not applied, respectively in a situation where the supplier/ provider issues a VAT invoice for these operations and does not mention „reverse charge” and the beneficiary deducts the tax written in the invoice, the supplier/provider loses their right to deduct related to that acquisition of goods or services.

Keywords

• vat
• reverse charge
• supplier/provider
• beneficiary
• vat deduction