Recently the winning parties of the German elections came to a coalition agreement. The SPD (social democrats), the Bündnis 90/Die Grünen (greens) and the FDP (liberals) prepared a 177-page document to present their plans for a “free, just and sustainable” Germany. And lucky for our readers they also talk about VAT! More specifically, they intend to implement real-time reporting: “We will introduce a uniform nationwide electronic reporting system as soon as possible, which will be used for the creation, checking and forwarding of invoices.”[1] This is very exciting news! In the following we will provide some background information about the German VAT gap, explain to what extent Germany is digitised and show what Germany can learn from already existing solutions.
Source Summitto
