The Federal Council approved the Third Bureaucracy Relief Act passed by the Bundestag on 8.11.2019, which is due to enter into force on 1.1.2020.
SME threshold – Turnover of small business owners 17,500 is replaced by € 22,000
VAT pre-registrations for start-ups – companies are exempted from the obligation to submit quarterly VAT returns in the year of their foundation and the following year .
Source Weber
Latest Posts in "Germany"
- General Court Expands Triangular VAT Simplification, Rejects German Tax Authority’s Restrictive Interpretation
- VAT Treatment of the Administration of Dependent Foundations Following BFH Judgment V R13/22
- Bundestag Approves 2025 Tax Bill, Permanently Cutting VAT on Restaurant and Catering Services
- Official 2024 VAT Handbook Now Available Online: All Current Regulations in One Place
- Claiming a Second Input Tax Adjustment in Insolvency Proceedings: Legal Basis and Requirements
