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Germany has recently announced that it will lower its standard and reduced VAT rates. The standard VAT rate that is currently set at 19% will be reduced to 16%. The reduced VAT rate of 7% that applies to a limited category of expressly listed supplies of goods and services will be lowered to 5%. The […]
VAT deduction has always been an important topic for holding companies. The rules concerning the circumstances in which VAT on purchases is deductible are complex and continuously in development. Last month another development was added to the long list of cases about this topic. In the Portuguese Sonaecom case before the EU Court of Justice, […]
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