- Introduction of Business Identification Number: Germany will gradually implement the business identification number (W-IdNr.) starting November 2024, aimed at identifying economic operators for taxation and administrative purposes, with the process managed electronically by the Federal Central Tax Office (BZSt).
- Impact on VAT Identification Numbers: The initial data imports at local tax offices have resulted in the deletion of German VAT identification numbers for controlled companies, as the “controlled company” status has been overwritten, leading to the removal of their VAT registration.
- Recommendations for Companies: German controlled companies are advised to regularly verify their VAT identification numbers through the EU Commission’s website to ensure compliance and avoid issues stemming from this new identification process, with further updates expected from the Federal Central Tax Office
Source: nwb-experten-blog.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.
