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Umsatzsteuer Newsletter 02/2023
Acquisition of forest land – no real estate transfer tax, but VAT?
If forest land is acquired, no real estate transfer tax is due, according to the German Federal Fiscal Court, insofar as the forest’s trees are to be qualified as pseudo-components. Whether this also affects the VAT treatment depends on whether the seller applies the average rate taxation method.
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Umsatzsteuer Newsletter 01/2023
Further transitional regulation for legal entities under public law
9-year (!) transitional period for sec. 2b of the German VAT Act: A process in German tax legislation that is unlike any other. Representatives of the federal, state and local governments, as well as other legal entities under public law, are happy to accept Berlin’s Christmas present. However, they should not rest now, but rather quickly complete the work they have already begun and create the required organisational structures to ensure that implementation is possible within two years. There is still much to do.
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Umsatzsteuer Newsletter 60/2022
A look across the border
The following VAT changes occur in Europe: +++ Luxembourg to lower VAT rates for one year from the start of 2023 +++ Switzerland to increase VAT rates starting in 2024 +++ Belgium to extend application of temporarily lowered VAT rates on energy, to extend limitation period for assessment and to amend reverse charge mechanism +++ Poland extends application of temporarily lowered VAT rates on foodstuffs and ends reduction of VAT rates on fuel +++ Croatia introduces Euro as national currency +++ Finland to temporarily lower VAT rates on electricity and passenger transport +++
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