Temporary VAT reduction
In order to boost consumption and thus the domestic economy as quickly as possible, VAT will be reduced for six months from July 1, 2020: from 19 to 16 percent and from 7 to 5 percent. The reduced rates apply until December 31, 2020.
Source
Latest Posts in "Germany"
- New GEBA in Germany: what it is and what it means for electronic invoicing
- German Court Clarifies VAT Rules for Nonprofit Sports Clubs’ Membership Fees and Input Deductions
- VAT on Services Provided by Non-Profit Sports Clubs: BFH Ruling and Legal Implications
- Swiss VAT: Updated Certification Requirements for Foreign Entrepreneurs in Refund Procedures
- German Court Rules on VAT Rates for Combined Dinner Show Services
