The German tax authorities have adopted the latest decision of the Federal Fiscal Court regarding warranty commitments granted for remuneration originating from practices in the motor vehicle trade. The new principles will apply across all sectors and thus also beyond the motor vehicle trade, with far-reaching consequences for VAT and insurance tax. According to the letter dated 18 October 2021, the new rules will only be mandatory for all warranty commitments issued after 31 December 2022.
Source WTS
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