- German Ministry of Finance published a policy draft on the awarding of a tax-related business identification number
- The regulation focuses on the structure and assignment of the business identification number
- The W-IdNr will be introduced on 30 September 2024 and consist of “DE” and nine digits
- The Federal Central Tax Office will administer the business identification numbers
- The Federal Cabinet is expected to approve the draft ordinance soon, with the Federal Council expected to do so on 27 September 2024
- Initial allocation of the W-IdNr is set to begin on 1 November 2024
Source: hub.kpmg.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.
