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    • UK Based Global VAT and Tax Consultants
    05
    Jun

    Germany- Temporary Reduction Of VAT Rates!


    Flash news – temporary reduction of standard and reduced VAT rates to apply in Germany between 1 July – 31 December 2020 Yesterday, on the 3rd of June, the German government agreed to a temporary reduction of the standard and reduced VAT rates. If this decision is approved by the German parliament (and it is expected that it will be), the new standard VAT rate in Germany will decrease from the current 19% to 16% and the current reduced VAT rate of 7% will be reduced to 5%. The reduced rates are to apply only between 1 July – 31 December 2020 with a view to boosting the German economy after COVID-19 pandemic. 


    Essentia Global Services – European / International / Global vat tax compliance consultants and management agents.
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    We are specialists in global indirect tax management. We help businesses to manage their worldwide compliance with respect to VAT/GST and similar taxes, effectively and economically. Essentia Global Services – European / International / Global vat tax compliance consultants and management agents. Essentia also provides VAT Training Courses and an EU VAT Number Lookup Platform. VAT Global Management & International VAT Registration.