The objective of this blog post is to explain how to implement the temporary reduced value-added tax rates for Germany in SAP Business ByDesign.
The German coalition government has agreed on a stimulus package to help relaunch the country’s economy after the lockdown due to the coronavirus pandemic. As one part the stimulus package will see the main value-added tax rate cut from 19% to 16% and the reduced rate from 7% to 5%. This change is valid from July 1st until December 31st, 2020.
The changed tax rates must be entered together with the validity period in SAP Business ByDesign. To do this, please perform the following steps in the system: