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

As part of the fiscal stimulus package for Germany, the German coalition committee has decided to reduce the value-added tax from July 01, 2020 through December 31, 2020. The VAT rates will generally be reduced from 19% to 16% and from 7% to 5%. The legal basis is the 2^nd Corona Tax Assistance Act, which was passed by the German Federal Government on June 12, 2020.

We at metasfresh will of course help you to adjust the tax rates on your metasfresh system and are happy to answer any questions.

To make the adjustments yourself, simply follow these instructions and metasfresh will make sure that the changes will be applied automatically and in time, so that you don’t have to worry about them anymore.