The Federal Ministry of Finance (BMF) on June 5, 2024, published the government draft for an Annual Tax Act 2024, which includes VAT-related proposals relating to:
- Definition of a delivery of work (§ 3 UStG)
- Place of supply in the case of virtual supplies (§ 3a UStG)
- VAT exemptions (§ 4 UStG)
- Issuing of invoices (§ 14 UStG)
- Unwarranted showing of VAT on credit notes (§ 14c UStG)
- Input VAT deduction (§ 15 UStG)
- One stop shop procedure
- Small traders
- VAT obligation of legal entities under public law (§ 2b UStG)
- Brexit
Source KPMG
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