Reverse taxation for cereals to extended

The application of reverse taxation in addition to greenhouse gases and steel products to be extended to cereals and oilseeds from 1 January 2022 until 30 June 2022 – the Ministry of Agriculture (AM) announced.

According to the information, the European Union (EU) allowed the Member States to apply taxation on cereals and oilseeds by 31 December.

Reverse taxation means that the tax is paid by the buyer to the state, the invoice is issued without the VAT being charged, and the tax to be paid by the buyer. (MTI)