Federal Ministry of Finance has published a letter on the conditions for VAT exemption of intra-community supplies, which were tightened as of 01.01.2020. The Ministry has a very strict view regarding recapitulative statements. These must not only be submitted correctly and completely, but also on time. Corrections of any errors must also be made in due time and also in the appropriate period. Regarding the use of VAT ID numbers, the Ministry is much more liberal. There are no heavy demands placed on the proof of use and retroactive use is also possible. However, one thing seems to be inevitable: It must always be checked whether the customer’s VAT ID number is valid at the time of delivery. Digital tools such as the KMLZ VAT-ID Verifier can offer support in this regard.
Source: kmlz.de
Latest Posts in "Germany"
- VAT Correction Sequence in Insolvency: BFH on Double Adjustment After Receipts of Previously Uncollectible Payments
- VAT Treatment of Intermediaries Acting in Their Own Name in Multi-Purpose Voucher Distribution Chains
- Input Tax Deduction from Advance Payments Does Not Require Explicit “Prepayment” Note on Invoice
- VAT Liability for Funeral Home Refrigeration Room Rentals: BFH Rules on Tax Exemption Eligibility
- Mandatory Use of Special Electronic Tax Advisor Mailbox for Tax Proceedings from January 2023
