VAT in Europe | Print

A company which is active in the European internal market, is required to deal with the national tax law of 27 member states. Otherwise, there is a risk of tax penalties, consequences of failure or the loss of the input tax deduction. This handbook focuses on a topic that is particularly important for mechanical and plant engineering: the VAT treatment of work and assembly supplies or in other words: the VAT handling of international project business.
Companies operating across borders are very often unaware of the tax complexity of their business model and expect simple and practical procedures across national borders that are fading in the European internal market. However, the reality is often different. Even though there is a harmonized VAT Directive in the EU, the tax administrations of the member states see one of their most revenue-generating tax massively at risk by organized fraud, moonlighting and insolvencies. This leads to even more extensive reporting and liability obligations for the companies and thus also to a constantly increasing financial and organizational effort to meet the often very different compliance obligations in the individual member states.

With chapter dedicated to
Austria, Belgium, Bulgaria, Czech Republic, Estonia, France, Germany, Greece, Great Britain, Hungary, Ireland, Italy, Latvia, The Netherlands, Norway, Poland, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland