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23.01.2015
German Tax and Legal News

Threshold for application of reverse charge on metals established and scope of application limited

The reverse charge rules applying to supplies of metals have been revised.

In October 2014, Germany introduced the mandatory use of the VAT reverse charge for supplies of precious and non-precious metals. Currently there is still a non-objection period in place ending June 30, 2015. During this period, taxpayers can continue to charge VAT on such supplies while they are adapting their processes and systems to the new rules.

However, as a result of practical complications arising from the implementation of the reverse charge for metals, the government revised the VAT Act with effect as from January 1, 2015: 

  • The reverse charge will not apply to relevant supplies below EUR 5,000; and
     
  • The scope of metals that are subject to the reverse charge has been limited, e.g. supplies of gold and selenium, as well as supplies of wire, rods, strips, foil and plates are no longer subject to the reverse charge.

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Irene Abele

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Charlotte Geiger

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Ihre Ansprechpartner

Irene Abele

iabele.deloitte.de
Tel.:

Charlotte Geiger

cgeiger@deloitte.de
Tel.:

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