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FORM VAT 41 See Rule 40(2) Certificate of deduction at Source by Awarder Counterfoil (To be retained by the awarder) Original (To be issued to the contractor) Duplicate (To be furnished to the issuing.

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If the turnover is less than a threshold limit, you may elect to register for VAT. The principal thresholds are as follows: €37,500 in the case of persons supplying services only. €10,000 for taxable persons making mail-order or intra-Community distance sales of goods and cross-border TBE services into the State.

Intra-Community VAT reverse charge Normally, a business making an intra-Community acquisition of goods is liable to pay the tax under the reverse charge mechanism. The outgoing side of this transaction is called intra-Community supply, which is zero-rated provided all conditions are met.

Article 39 of the VAT Code (Law 2859/2000) provides for an exemption from the obligation to file a VAT return and pay VAT, irrespective of the category of accounting records (books) kept.

The intra-Community supply and acquisition of goods occurs where goods are dispatched or transported between businesses in different Member States (MS) of the European Union (EU). For Value-Added Tax (VAT) purposes, two transactions are deemed to occur: intra-Community acquisition (ICA) intra-Community supply (ICS).

What is a right to deduct? A right to deduct means a taxable person's right to claim from the tax authorities the VAT paid upon acquired goods and services. VAT is deducted by subtracting the deductible amount from the VAT payable in the regular VAT return submitted to the tax authorities.

Article 40 Principal VAT Directive The place of an intra-Community acquisition of goods shall be deemed to be the place where dispatch or transport of the goods to the person acquiring them ends.

Intra-community trade or refers solely to the movement of animal products between EU Member States. In general, the requirements for intra-community trade are harmonised between the Member States.

Types of intra-Community transactions For example, Company A in France sells its products to Company B in Germany. The physical transfer of the goods from France to Germany determines that the transaction is considered an intra-Community supply from France when the customer provides a valid VIES number.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232