4 June 2020
The German tax office has today announced the following VAT rate reductions, which will be implemented for the period of 1 July 2020 to 31 December 2020:
- Standard VAT rate – reduced to 16% from 19%
- Reduced VAT rate – reduced to 5% from 7%
It is hoped that these reductions will help boost the German economy as the country comes out of lockdown.
If you have any queries regarding the German VAT rate changes, please reach out to your usual Fiscal Solutions contact. Alternatively, click here and a member of our team will be in touch.
LATEST NEWS
Separate EORI number for Northern Ireland required
HMRC have recently confirmed that businesses who import and export goods from Northern Ireland (NI) will need a special Economic Operator Identification Number...
SEE MORE
LATEST NEWS
Fiscal representation not required in France for UK...
The French tax authorities have confirmed that UK businesses will not have a requirement to engage a fiscal representative when the Brexit transition period...
SEE MORE
LATEST NEWS
UK Intrastat still required after Brexit
The UK tax authorities have confirmed that English, Welsh and Scottish businesses importing goods into the UK from the EU will still be required to prepare and...
SEE MORE