The Federal Ministry of Finance (BMF) published draft legislation for the 2022 Annual Tax Act (Jahressteuergesetz 2022 – JStG 2022), which includes proposals relating to digitalization, procedural simplification, legal certainty and tax equality, as well as implementation of the coalition agreement and adaption to EU law, Court of Justice of the European Union (CJEU) case law, and judgements of the German Federal Fiscal Court.
In particular, the draft legislation includes the following proposals:
- Zero value added tax (VAT) rate for the supply, import, intra-community purchase and installation of photovoltaic systems, including energy storage units—effective 1 January 2023
- Obligations for payment service providers for cross-border payments to implement EU Council Directive 2020/284 and intended to combat VAT fraud, particularly in the area of cross-border electronic commerce—effective 1 January 2024
- ….
Source KPMG
