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Nexia Ebner Stolz

Tax Advice

Change in VAT Rate and IT Implementation

In view of the Corona cri­sis, the Ger­man govern­ment in form of the coa­li­tion com­mit­tee agreed on 3 June 2020 on a com­pre­hen­sive eco­no­mic sti­mu­lus and cri­sis mana­ge­ment pac­kage. One of the tax mea­su­res is the tem­porary reduc­tion of the VAT rate from 19 % to 16 % and from 7 % to 5 % from 1.7.2020 to 31.12.2020.

We think that the draft bill will be pro­ces­sed very shortly. Hence, a legis­la­tive imp­le­men­ta­tion can be expec­ted in rapid speed. Com­pa­nies should the­re­fore quickly gain an over­view of the pos­si­ble effects of the change and take appro­priate con­ver­sion mea­su­res.

In this flyer, we give a first – not con­clu­sive – over­view of important points that need to be con­s­i­de­red when making adjust­ments:

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