As part of the stimulus package in connection with the corona pandemic, the value-added tax for the standard tax rate in Germany is to be reduced from 19% to 16% and the reduced tax rate from 7% to 5% in Germany from July 1st to December 31st 2020.
The changed tax rates must be entered in SAP Business ByDesign together with the corresponding validity period in the configuration.
Latest Posts in "Germany"
- Vending Machines in Germany: Fiscal and Receipt Requirements
- General Court New VAT Case – T-548/26 (Finanzamt Freising) – No details known yet
- VAT Implications of Electricity Balancing Models for German Properties
- BFH Allows VAT Deduction on Legal Costs from Failed Car Toll Claims
- German E-Invoice Validation Must Cover XML, Business Rules and the PDF/A-3 Container
