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Hi everybody, a German client is insisting that I include the phrase "“The reverse charge procedure applies.” on my invoices. I believe this has to do with VAT/GST. Anybody knows what this entails. My concern is that VAT at German VAT rate be deducted from my final payment.
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CAK Germany Local time: 16:08 English to German + ...
Provided you are in the EU...
Jul 25, 2016
... this means that the customer will pay the VAT to the German government but at the same time will get a refund in the same height by the German government. The sentence in question and the VAT-IDs of both of you have to be mentioned in the invoice for that. You also will have to make a recapitulative statement to your tax office according to the rules in your country. Nothing should be deducted from your final payment.
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