- Lower house of German parliament approves business tax reform bill
- Transition period for mandatory electronic invoicing extended for B2B transactions and small companies
- Reduced VAT rate for gas and heat supplies to be terminated earlier
- Exemption from real estate transfer tax extended through 2024
- Mandatory disclosure and reporting requirement for tax planning arrangements remains unchanged
- Bill still needs approval from upper house of parliament, discussion and vote scheduled for 24 November 2023
Source: taxathand.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "Germany"
- German Finance Ministry Allows Invoices in Any Official EU Language, Updates VAT Decree
- VAT Challenges and Complexities of Tourist and City Cards in Germany
- VAT Committee Clarifies Single-Purpose Vouchers and ECJ Judgment on Supply and Taxation Rules
- Germany Introduces Language Flexibilities for E-Invoicing
- European Customs Union: Facilitating Free Trade and Protecting Citizens for Over 50 Years
