Reverse Charge - Another change to the regulation as of 3.6.2014

Dear customer,

On June 3, 2014, an ordinance from the Ministry of Finance introduced an amendment to the VAT fraud prevention ordinance - UStBBKV, Federal Law Gazette No. 369, dated November 26, 2013.

According to this new regulation, an optional wage limit of 5.000 € introduced for the delivery of metals (§ 2 Z 4 UStBBKV).

Until the payment limit is reached, the service provider is free to decide whether the tax liability is transferred to the recipient (reverse charge) or whether he remains the tax debtor himself. This optional pay limit applies retrospectively to sales in connection with the delivery of certain metals as of January 1, 2014.

In practice this means that you start with Fix Metall GmbH 1.7.2014 all again Invoices less than 5,000 EUR net value uniformly including sales tax (without reverse charge).

We hope to help simplify the process.

Sincerely yours,

Fix Metall GmbH

Links with detailed information:

• Federal Law Gazette 120/2014
• Ministry of Finance FAQ's