- Services account for 75% of GDP and employment in the EU market
- EU is the world’s largest importer and exporter of services
- Taxability rules and regulations for services are crucial for revenue distribution
- Place of supply rules determine VAT charging and remittance
- Different rules for B2B and B2C supply of services
- B2B supply depends on buyer’s location, B2C supply depends on supplier’s location
- Special rules for specific services like immovable property and transportation services
Source: vatabout.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
