- Germany has proposed a joint action plan to intensify the fight against tax and financial crime.
- The plan includes a possible new VAT reporting system, potentially near real-time and invoice-level, but details and timing are not yet available.
- It would extend accounting document retention from 10 to 15 years, though scope and retroactive application are unclear.
- Companies may also be required to store tax-relevant data on mirror servers in Germany, creating a new data-localisation rule.
- All measures are still proposals, with no draft law or implementation schedule yet.
Source: fiscal-requirements.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.
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