- Following approval by the German Federal Parliament, the next step is approval by the German Federal Council.
- The legislation provides an overview of the scope, levy principles, refunds and penalties. The levy will be paid by businesses who place a product in the market for the first time (including distance sales) with first payment expected in 2025.
- Businesses should consider the potential impact, monitor legal developments and prepare operations for compliance.
Source EY
Latest Posts in "Germany"
- Updated NACE Codes for VAT: EU Implementation and Application Guidance by BZSt
- German VAT Reform: Changes Effective January 2026
- Services provided by a prevention and personal development coach may be exempt from VAT
- Germany updates Tax Code Application Decree to reflect recent GoBD changes
- Germany 2026 Tax Reform: Permanent 7% VAT for Restaurants, Increased Charitable Allowances
