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2943313 - Temporary Reduced VAT Rates for Germany in SAP Business ByDesign

Symptom

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.


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Environment

SAP Business ByDesign

Product

SAP Business ByDesign all versions

Keywords

Covid; #COVIDGermanyTaxChange; Tax Change; Germany; VAT reduction; Mehrwertsteuersenkung; Konjunkturpaket; Umsatzsteuersenkung; , KBA , AP-TTE-TC , Tax Calculation , Problem

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