Germany MOF Announces Amendments to Various VAT Measures for Small Businesses

The German Ministry of Finance March 18 posted online BMF Letter No. COO.7005.100.2.11558647, announcing amendments to various VAT Act measures for small businesses. The announcement clarifies the measures to: 1) exempt small business owners’ sales from VAT and enable entrepreneurs from other EU countries to apply the provision in Germany; 2) reintroduce Section 19a to enable domestic entrepreneurs to report local VAT in other EU countries, effective Jan. 1; 3) amend the VAT Implementation Decree of Oct. 1, 2010, to permit entrepreneurs who apply the exemption under Section 19(1) to issue simplified invoices; 4) amend the decree to allow small ...