Characteristics
The construction industry is characterized by large transactions, chains of subcontractors, and long-term projects. The VAT is calculated on each step in the chain.
Important points
- Invoices from subcontractors - deduction of inputs
- Combination transactions - special VAT liability
- Self-construction - VAT liability on market value
Important Note: The information on this website is for general informational purposes only and does not constitute professional tax advice. Consult a qualified tax advisor before making financial decisions.