Are you aware of the mandatory fiscal reports in Germany? There is actually only one mandatory fiscal report. More details are as follows. Read more

You probably know that in the wake of the covid pandemic, Germany reduced VAT rates for the restaurant and catering industry from 19% to 7% to help the recovery process. But, what happens with this reduction in the future? However, according to the latest information, the VAT rate will return to the standard 19% from January 1st, 2023. Read more

In an effort to suppress tax fraud in online sales the EU adopted EU Directive 2011/16/EU to improve administrative cooperation in the field of taxation between EU countries (So called DAC7). The directive directs platform operators to collect information about the sellers on the platform and the sales generated from it and to report it to the responsible authority. At the same time, the individ... Read more

Recently DF faced a problem in signing transactions. The cause of this problem is the expired certificate that is inside the certified SMARS software. Recently we had the news that all FCC clients need to be updated to version 4.0.1 or 4.0.2 and now the latest version 4.0.3 is in preparation which is expected on Friday 12.08.2022. Read more

VAT ID number is important for selling to customers in different EU countries. If both companies have valid VAT ID the payment of VAT is much easier as it falls on the buyer, thus avoiding double taxation. Before dealing with a foreign company inside the EU it is important to check if they have a valid VAT ID, so you will know what future steps need to be taken in terms of VAT payment. Checking... Read more

A company starting a business in Germany apart from a regular Tax ID number often needs a VAT ID (USt-ID, in German). The VAT ID is important for companies that trade with companies in other EU countries. For German companies, it begins with the country code "DE", followed by up to twelve digits. The VAT ID eliminates the time-consuming double taxation process. The supplier of the goods or service... Read more