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Tour Operator Margin Scheme for VAT no longer applicable to non-EU travel organizations

By Ronny Langer of KMLZ Rechtsanwalts GmbH

The German Federal Ministry of Finance has published a decree according to which businesses not established in the EU can no longer apply the Tour Operator Margin Scheme (TOMS). The decree of January 29, 2021 only contains one simple sentence but will certainly cause some trouble in the travel sector.

Source: LinkedIn

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