… Sales tax reduction for Austria and Germany for 2020
Due to the Covid-19 measures, tax adjustments have been decided on by the governments in Germany and Austria over the last few days, which are also relevant for you and therefore have to be implemented accordingly.
In the period from 01.07.2020 to 31.12.2020, reduced VAT rates now apply, which have to be deposited in your mgm system. In concrete terms, this means that
- for Austria, that the tax rate for tourism, gastronomy and culture will be reduced to 5%.
- the standard tax rate for Germany will be reduced from 19% to 16% and the reduced tax rate from 7% to 5%
… UPDATE for Austria
After initial uncertainties among our customers, we are pleased that the temporary reduction in value-added tax – today on the 30.6.2020 – was finally extended and approved by the National Council.
Here is a link from the Austrian Federal Ministry of Finance that might be of interest to you: BMF-Info.
… just let it be updated and be fit for 2020 taxes
To convert your mgm system quickly and safely to the fit the new tax regulations, simply use our customized service.
We adapt the basic data of your system (article data, business cases, etc.) at a flat rate of 300,- EUR (technical implementation). Based on the analysis of the customer-specific configuration of your system, our support team will then make the necessary detailed adjustments (the service will be charged on a time and material basis).