COVID cut from 19% to 7% on restaurants, cafes and catering rolled over until end of 2023 on inflation worries As part of a €65 billion relief measures, including cutting VAT on gas to 7%, German is to extend the COVID-19 cut on hospitality services.
European Commission turns down request to exempt new Gas Levy from VAT – but will work of other solutions The European Commission has today, 16 August 2022, turned down a request from the German Finance Ministry to exempt from VAT a one-off Gas Levy on
Finance Ministry looks to zero-rate VAT on upcoming €1,000 Gas Levy as energy inflation reaches 35.7% Germany’s plan to impose a one-off Gas Levy on its consumers in September to help importers with the rising prices may come with a VAT exemption. The Finance Ministry
Umsatzsteuererklärung annual declaration for 2021 period extension The annual German VAT return which provides final summaries of a year’s VAT information is generally due by 31 July. This means 2021’s annual return is due by the end of this month, July 2022. However, more time
Payments for digital properties within online games outside scope of VAT The German Federal Tax Court, BFH, has ruled that sales or leasing for consideration of virtual buildings or land is outside the scope of VAT. The case covered the use of the US-based game,
Annual guidance from Ministry of Finance on technical Value Added Tax issues The Federal Ministry of Finance has published the annual VAT book, this one covering 2020/21. Topics covered in this year’s edition include: UStG – German Value Added Tax Act UStDV Value Added Tax rebate
Coalition new leaders confirm electronic invoice reporting system as soon as possible to fight VAT fraud; backing for EU definitive VAT system; import VAT reforms The new German government coalition of the SPD, Free Democratic Party (FDP) and Green Party have now confirmed on 24
€26bn net gain to the economy during lockdown as standard rate cut from 19% to 16% in 2nd half of 2020 German’s controversial six-month 3% standard VAT rate cut to 16% may have worked contrary to received views by economists and VAT thought leaders. The
The German Ministry of Finance has highlighted a very low uptake of the new Import One-Stop Shop (IOSS) scheme to report sales of imported goods to EU consumers. IOSS is part of the EU e-commerce VAT package reforms introduced on 1 July 2021 to limit
