Maxim Stepanenko
Managing partner of Crystal.tax
A wide range of legal services from Crystal Tax: registration of offshore companies in all world jurisdictions, solving issues related to taxation, opening bank accounts and many others.
Commercial organizations pay value added tax in the European Union, including in Germany, exactly the same as in our country. To do this, you first need to get VAT. This is the special number of your company or group of companies as a VAT payer.
What is VAT in Germany?
VAT is an indirect tax. It is already included in the price of the product. States independently determine only tax rates. For example, in Germany the VAT rate is set at 19%. Reduced rate provided for books and food - 7%. For small enterprises, the state also provided certain benefits. VAT is not paid on the provision of a loan, in the medical and social sectors, veterinary medicine, and the insurance sector. For farmers and foresters, individual rates are provided for the development of agriculture.
VAT reduction 2020 in Germany
From 1 July 2020 until 31 December 2020 Germany has a reduced value added tax (VAT).
Its regular rate has dropped to 16% instead of the usual 19%, and its reduced rate is already set at 5% instead of 7%. For 6 months, buyers' receipts will show VAT at 16%, not 19%. Such a measure will help reduce prices during the crisis caused by the coronavirus epidemic. The government also took a number of other anti-crisis measures. It believes that citizens during this period will finally be able to purchase those goods that they could not afford to purchase for a long time.
Other taxes in Germany
All taxes are reported to you monthly. New entrepreneurs turn to lawyers and auditors to fill out tax returns in this country. Their help is a common thing for the Germans. 80% of budget revenues in Germany are formed from taxes. There is a record number of taxes here - 45: church tax, tax on sparkling wines, hunting, a second home or apartment, and many others.
But back to VAT. It is very difficult to understand the very logic of calculating and administering VAT. Therefore, we will always come to your aid. Crystal Tax knows how to pay taxes in Germany correctly. A tax consultant is your best assistant in doing business. This way you will avoid fines, your invoices will be transferred to the tax center always on time (last month's reports are submitted before the 10th of the next month).
The German economy in Europe is one of the most developed. All thanks to tax discipline.
You can always order a turnkey service for doing business in Germany:
- call us;
- by email;
- by contacting the online chat.
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Our advantages
We provide a wide range of legal services, including the registration of companies in foreign jurisdictions, legal support for activities, opening bank accounts, consultations and much more. others
Crystal Tax employs a team of highly qualified professionals, experts in all matters related to offshore. We have many years of successful experience.
We offer only the best solutions for your business - the best jurisdiction and type of company for offshore registration.
We register a company in any jurisdiction as quickly as possible. We guarantee confidentiality of data for each client
An individual approach to clients, solving non-standard tasks and the vast experience of our lawyers can lead your business to success.
The cost of services is agreed between us and the client. You pay only for the work done, which allows you to minimize costs. We work without intermediaries and overpayments.