Global

Details

  • Service: Tax, Global Indirect Tax, Global Compliance Management Services
  • Type: Regulatory update
  • Date: 3/26/2013

Germany - Proposed VAT legislation on new invoicing requirements  

March 27: Proposed legislation that would amend the value added tax (VAT) law is pending consideration by the German parliament. Among the changes are measures that would affect the invoicing rules.

The VAT legislative changes are intended to be effective (depending on the nature of the amendment) on 1 July 2013, on 1 January 2014, or with respect to a proposed extension of the reverse-charge procedure, on a date after authorization is given at the EU level.


The Bundesrat (upper house) on 22 March 2013 rejected the legislation as passed in late February 2013 by the Bundestag (lower house). Thus, the final version of the VAT legislation is subject to change during the “mediation” (conference) process.


The report also describes:


  • Change in evidence requirements for intra-Community supplies of goods, effective 1 October 2013
  • Proper reference in an invoice to the zero-rated status of intra-Community supplies of goods



©2013 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved.


The KPMG logo and name are trademarks of KPMG International.


KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever.


The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.


Direct comments, including requests for subscriptions, to us-kpmgwnt@kpmg.com.
For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at:

+ 1 202 533 4366

1801 K Street NW
Washington, DC 20006.

 

Share this

Share this

Subscribe

Subscribe to receive the latest TaxNewsFlash email alerts (you must select the option for TaxNewsFlash)


Already a Subscriber? Login


Not a member? Subscribe now