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Germany - Changes concerning invoice adjustments affecting VAT refund procedure for EU and oversea claimants

If you submit an invoice in the VAT refund procedure that does not meet the requirements for an input VAT deduction according to Section 14 of the German VAT Act (Umsatzsteuergesetz) and the Bundeszentralamt für Steuern (BZSt) does not refund the VAT shown in this invoice, you can request the correction of the invoice from the supplier and apply for an input VAT refund from the corrected invoice.

How does VAT work in the EU and outside the EU?

At present, just over 160 countries are using a VAT system around the world. Given the different...

Germany extends VAT recovery deadline to 31 Dec 2020 for businesses from Non-EU Member States

Due to the economic consequences of the pandemic, the German Tax Administration (BZSt) extended...

3 ways to rectify a wrong invoice in Germany

We all know the problem. During an invoice audit we discover that essential invoice...

Announcing VAT4U Turkey

VAT4U is proud to announce the formation of VAT4U Turkey! Businesses can now use our expertise...

How VAT recovery helps cash flow during the COVID-19 pandemic

The COVID-19 pandemic is having a devastating impact on the corporate world. However, we are not...