Taxes EU VAT regulations

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Reverse charge accounting

Reverse charge is when the supplier delivers tax free, reversing the obligation to pay tax to the authorities to the buyer. As a consequence the buyer has to calculate and report the total amount of reversed taxes (VAT). If one has to to reverse charge accounting the Tax(Vat) has to be calculated/registered (because now the buyer has to report VAT to authorities) , but not added to the total of the invoice (because the amount payed to supplier is without tax (VAT). Thus: Calculate taxes/charges…