The CXXVII law of 2007 governing the value added tax is in effect since 1st January 2015, it covers the application of reverse taxation in accordance with Section 142, Paragraph 1, Paragraph 6/B of the law in the trade of steel goods, which also affects most of the products manufactured and distributed by us.
Pursuant to the above law, the amount of VAT must no longer be charged and declared to the issuer of the invoice, but to the recipient of the invoice, for services performed after 1st January 2015.
Reverse taxation can be applied if you have a domestically registered taxable person or body and you do not have a legal status regulated by the VAT law, based on which the payment of value-added tax could not be demanded.
In the case of orders placed by companies and individual entrepreneurs, we issue a reverse tax invoice if the company or entrepreneur (domestic VAT subject) meets the legal requirements. The declaration can only be made by a person authorized to sign for the company, so a copy of the signature specimen is also required.
Downloads
Download Reverse Taxation Declaration (pdf file format)
In case of private customer, billing is unchanged, and 27% VAT is charged.