REVERSE CHARGE OF VAT IN TRANSACTIONS WITH GRAIN AND INDUSTRIAL CROPS - MECHANISM FOR COMBATING VAT FRAUD


Author: Assist. Prof. Veselin Parashkevov Dekov (University of Economics - Varna)

Keywords: VAT, reverse charge mechanism, reporting

In this article the author provides a brief analysis of the agricultural sector, in particular grain production as a risk sector of the economy in terms of dealing with highly liquid products such as grain and industrial crops. The conclusion of these types of transactions creates vicious practices between counterparties evasion of VAT due, which undoubtedly reduces the possibility of an optimal collection. Furthermore, the author focuses on the importance of mechanism of reverse charge of VATdue, practical ways of reporting between countries in these types of transactions, as well as special cases dictated by the practice itself.

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