Germany VAT changes
Wed 11th Nov 2015
The Germany VAT Amendment Act for 2015 has been approved by the Bundesrat, and implemented last month. Changes included:
- Public bodies carrying out commercial activities are deemed to be exempt from VAT below the German VAT registration threshold. This is currently €17,500.
- Extension of the domestic reverse charge for construction services to include operating facilities and building
- Confirmation that suppliers issuing invoices overstating the VAT due are responsible for the incorrect VAT due
- Adjustment of the date VAT is due to align with the EU VAT Directive as being at the time of supply of the goods or services, but no later than the invoice date
- Clarifications for determining types of iron and steel are subject to the domestic reverse charge rules.