Germany’s Proposed VAT Legislation: Threshold Increases and Document Retention Changes

• Proposed legislation in Germany includes VAT-related measures
• Increase in VAT threshold for advance reporting period to €9,000
• Increase in purchase price threshold for margin taxation to €750
• Retention period for accounting documents to be reduced to eight years

Source: kpmg.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.