- The services provided by homeowners’ associations to their members are generally exempt from VAT, which excludes them from input tax deduction. This can be costly for owners renting out their property. However, opting for VAT liability can be beneficial, especially for owners eligible for input tax deduction, but requires a valid resolution by the owners’ meeting.
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"
- VAT Identification Number and Confirmation Request – Revision Admitted for Legal Clarification
- Comments on ECJ C-101/24 (Xyrality) – VAT Treatment of Mobile App Services Before 2015
- ECJ C-101/24 ( XYRALITY) – Judgment – German developer is not liable for VAT on services via an app store
- e-Invoicing in Germany: Guidelines, Timeline, Scope, Requirements & Format
- Accidental Double Taxation Due to IOSS and § 21a UStG Application on Same Transaction
