As part of the stimulus package in connection with the corona pandemic, the value-added tax for the standard tax rate in Germany is to be reduced from 19% to 16% and the reduced tax rate from 7% to 5% in Germany from July 1st to December 31st 2020.
The changed tax rates must be entered in SAP Business ByDesign together with the corresponding validity period in the configuration.
Latest Posts in "Germany"
- Germany Seeks Clear VAT and Transfer Pricing Rules: Advocate General’s Push for Classification
- Legal Remedies for VAT Inspection: What Are Your Options?
- Central Customs Clearance: The New Section 21b UStG and Its Special Provisions from 2026
- Reduced VAT Rate for Nonprofit Integration Projects: Legal Assessment and Competitive Implications
- VAT Implications for Amazon Vine Participants: Reviews in Exchange for Test Products
