VAT rates Germany back to normal

It is communicated that down/advance payments made in 2020 (so received by the supplier in 2020) will still be liable to the reduced rates even if the transactions will be supplied in 2021 (but it is also allowed to charge the regular rates).

Down/advanced payments received after 31.12.2020 will be liable to the regular rates of 7% and 19% (even if invoiced still in 2020).

Let us support you with your VAT compliance

Interested in learning more about our expertise in VAT compliance, for all European countries? Get in touch and find out what we can do for your organization in this. Read here more about our VAT services. In case of any questions or if you would you like to receive more information? Please give us a call via +31(0)88-4321800 or send an email to info@pincvision.com