Information regarding the temporary reduced value-added tax rates for Germany in SAP Business ByDesign.
The German coalition government has agreed on a stimulus package to help relaunch the country’s economy after the lockdown due to the coronavirus pandemic. As one part the stimulus package will see the main value-added tax rate cut from 19% to 16% and the reduced rate from 7% to 5%. This change is valid from July 1st until December 31st, 2020.
SAP Business ByDesign
The following Blogs outline the implementation, configuration and information on the temporary reduced value-added tax rates for Germany in SAP Business ByDesign:
Systemverhalten bei wiederkehrenden Lieferantenrechnungen in Verbindung mit der Mehrwertsteuersenkung in SAP Business ByDesign (System behavior for recurring supplier invoices in connection with the change in the VAT rate in SAP Business ByDesign)
Covid; #COVIDGermanyTaxChange; Tax Change; Germany; VAT reduction; Mehrwertsteuersenkung; Konjunkturpaket; Umsatzsteuersenkung; , KBA , AP-TTE-TC , Tax Calculation , Problem