• Service: Tax, Global Indirect Tax, Global Compliance Management Services
  • Type: Regulatory update
  • Date: 12/2/2013

Germany - Effect of VAT invoice corrections on input deductions 

December 2:  Germany’s federal tax court (BFH) addressed whether the amount of value added tax (VAT) input is to be deducted only until the year when the invoice is issued, instead of an earlier year when the supplies are provided. The decision has consequences for the assessment of interest on VAT liabilities.

Read a November 2013 report [PDF 390 KB] prepared by the KPMG member firm in Germany: VAT Newsletter (November 2013)

The KPMG report also discusses the following topics:

  • The relationship between general taxation and input VAT refund procedure
  • New invoice requirements as of 30 June 2013
  • Exercising an option in the event of an assumed transfer as a going concern
  • Advisory services for investment funds as VAT-exempt
  • EU Commission guidance for businesses on the application of VAT rules as of 2015
  • Recommendation of the EC for a standard VAT return
  • EU consultation for review of the VAT regulations of the public sector

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