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The rate of value-added tax rate generally in force in Germany is 19%. [23] A reduced tax rate of 7% applies e.g. on sales of certain foods, books and magazines and transports. Due to COVID-19 , the government accepted a lowering to 16% (reduced: 5%) from 1 July 2020 until 31 December 2020 for the rates. [ 24 ]
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A court in Stuttgart convicts a dual Russian-German national of violating export laws by delivering electronic components to Russian firms involved in the production of military equipment from 2020 to 2023 and sentences him to six years and nine months' imprisonment. [73] Germany issues plans to halve its military aid to Ukraine in 2025. [74]
January 16, 2024 is the fourth and final installment deadline for tax year 2023. If you fail to meet this deadline, you may be assessed a penalty when you file your tax return. January 31
A value-added tax (VAT or goods and services tax (GST), general consumption tax (GCT)) is a consumption tax that is levied on the value added at each stage of a product's production and distribution. VAT is similar to, and is often compared with, a sales tax .
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Small business owners face severe penalties if they don't report to the federal government by year's end. Thousands of businesses may not realize they are subject to a new reporting process ...
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