- Germany has approved plans for an import VAT offsetting model that would allow import VAT to be declared in periodic VAT returns instead of being paid separately to customs.
- The reform is intended to end the need for businesses to pre-finance import VAT, reducing cash-flow pressure and administrative burden.
- The German federal government has been asked to introduce the necessary legislation.
- The new system is targeted to take effect from 1 January 2030.
Source: vatcalc.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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