June 12^th, 2017

Probably July 1^st, 2017 will be the day of widening of the range of chargeable events that induce the reverse charge mechanism according to the amendment to the Act on VAT. The principle of this regime is such that upon the chargeable event (provision of goods or services), VAT is not being declared by the seller but by the buyer. The list for a permanent usage or the reverse charge regime will be expanded by the following from July 1^st, 2017 on:

• Gold – arrangement of delivery of investment gold,
• Delivery of immovable property in a compulsory sale procedure,
• Construction and assembling works – provision of workers,
• Delivery of goods previously provided as a guarantee,
• Delivery of goods following the cession of a reservation of ownership.

New chargeable events will be shown in corresponding sections in the control report (A1 and B1) designated for the reverse charge mechanism.