Tag Archive for: VAT reduction

End of VAT reduction, increase in flat rates and non-monetary compensation. What’s new in 2021?

As a result of the decision of the grand coalition on June 3, 2020, the value-added tax in Germany was reduced from 19 percent to 16 percent as of July 1, 2020, under the Corona Tax Relief Act. The reduced tax rate is now only 5% instead of 7%.