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Reduction Of Value Added Tax Rates – Practical Impacts for the real estate sector

Such reduction came at very short notice and is likely to cause some difficulties of implementation as well as raise questions of doubt. In a circular issued by the Federal Ministry of Finance, dated 30 June 2020 (GZ III C 2 – S 7030/20/10009), the fiscal authorities addressed various related topics. The following issues will be relevant for the real estate sector: ..

Source: mondaq.com

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