- New legislative regulations on VAT introduced by the Annual Tax Act of 2024
- Main focus is the reform of small business taxation starting in 2025 based on an EU directive
- Changes also include reduction and adjustment of average rates for agriculture and forestry
- Extension of the transitional period for the taxation of legal entities under public law
- Adjustments made to input tax deduction for services by a business subject to actual taxation
- Regulations have been adapted to comply with the rulings of the European Court of Justice and the Federal Fiscal Court
- The article provides an overview of VAT changes and includes a table with affected regulations and effective dates
- Additional notes on other current regulatory changes and new obligations starting in 2025 are included
Source: datenbank.nwb.de
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"
- Centralized Customs Clearance for Imports in Germany Begins February 2026: Key Changes for Businesses
- Germany and France to Jointly Update E-Invoicing Standards for B2B Mandates in 2026
- Germany Publishes 2024 VAT Handbook Detailing Key Rules, Rates, and Compliance Requirements
- BMF Letter on VAT Exemption for Leasing Operating Equipment as Ancillary to Building Leasing
- Major Changes in Packaging Tax Law Coming in 2026 – What Taxable Persons in eCommerce and Other Businesses Need to Know
