VAT Cuts in Germany from 07/01 through 12/31/2020

Kay KostelnikArticle, Blog

Umsatzsteuersenkung vom 1.7.2020 bis zum 31.12.2020

The value-added tax rates of Germany are generally reduced to 16% and 5% respectively, limited from July 1, 2020 to December 31, 2020. The legal basis is the 2nd Corona Tax Assistance Act, which was passed by the German Federal Government on June 12, 2020.