- Germany’s Bundestag passed the Annual Tax Act 2024 with various VAT amendments
- Amendments diverge from the government’s initial draft, particularly in areas like tax exemptions for educational services and loan management
- Key changes from the Act include retention of certification for educational VAT exemptions, updates to loan management exemptions, and postponement of input tax deduction reforms for certain taxpayers until 2028
- Expanded VAT exemptions for educational services, end of VAT warehousing regulations in 2026, new VAT rules for small businesses to apply EU-wide from January 2025, and reduction on VAT for art and collector imports
- Changes to input tax deductions for taxpayers who calculate taxes based on remuneration received pushed back to 2028
- Educational services saw comprehensive changes, with certification requirement retained causing bureaucracy caused by multiple authorities working in parallel.
Source: taxand.com
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.
