- The Federal Ministry of Finance publishes monthly VAT conversion rates for foreign currency transactions, effective from April 1, 2026.
- These rates convert foreign currencies into euros for VAT calculations under German tax law.
- Example rates include USD at 1.0890 EUR, GBP at 1.1750 EUR, and JPY at 0.0064 EUR.
- Rates are based on the ECB’s daily fixings, averaged monthly, and apply to both sales and purchases unless exceptions apply.
- Businesses must use these rates for VAT returns filed after April 2026 to comply with regulations.
Source: bundesfinanzministerium.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.
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