PRAGUE – A reverse from ‘reverse charge’

In November, the EU gave its final approval to a Czech proposal allowing member states that deal with carousel tax fraud to apply a generalised reversal of VAT liability.

This is something Czech PM Andrej Babiš fought for almost five years based on the argument that using reverse charge could save the country billions crowns every year. But what’s happening now?

However, Finance Minister Alena Schillerová admitted in November that the legislation will take time to implement and then can be used only for a limited number of years. Now it seems the Czech government will not introduce this hard-fought measure at all, Daily Hospodářské noviny reports.

This begs the question of why the Czech side put so much energy into convincing others in the first place. (Ondřej Plevák |EURACTIV.cz)

 

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