Information about reduced value added tax in Germany from 1 July 2020
The German Government have decided to temporarily reduce the value added tax from 1 July until 31 December 2020. The German tax rates will change from 19% to 16% (regular VAT rate) and from 7% to 5% (reduced VAT rate).
If you are registered for VAT in Germany and pay VAT directly to the German government this WILL affect you.
The following articles describe how Tradebox One and Tradebox Finance Manager can be configured to ensure your German orders are calculated with the correct rate of tax:
Tradebox One users
Tradebox Finance Manager users