Germany’s Finance Ministry enacted new rules for small businesses, implementing EU Directive 2020/285. Key changes include VAT exemption, EU-wide small business application, a special reporting process, clarifications on VAT invoice handling under Sections 14c(1) and (2) of the German VAT Act, and the continuation of existing waivers. It supersedes parts of the Growth Opportunities Act and amends the VAT Application Decree.
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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