If a trader participates in a discount system operated by a third party which gives points, depending on spend, to the customers of the trader, the trader’s basis of assessment is only reduced at the time when the customer actually redeems the points, according to the German Federal Tax Court (BFH).
Source: KPMG Germany
Latest Posts in "Germany"
- New Guidelines for Vehicle-Specific VAT Declaration Forms Released by German Ministry of Finance
- Germany Updates GoBD Rules to Reflect Mandatory E-Invoicing
- Template for VAT Declaration on Individual Vehicle Taxation Released by Federal Ministry of Finance
- VAT in Germany – A comprehensive up to date guide
- Germany Publishes Second GoBD Update to Align with E-Invoicing