Germany

VAT/Tax Requirements

Applicable Types

• VAT (IVA)
• Import VAT

VAT/Tax Books:

• EU Sales Listing (VIES)
• Intrastat Listing

Other Requirements:

• VAT on Payment Discounts is deductable
• Electronic Tax Audit – Mandatory on request to be able to provide an audit file for German Authorities according to official formats

Usual Business Requirements

• Electronic payments of vendors
• Direct debit (electronic) of customers

Requirements that exist in most countries, e.g. documentation of transactions, Annual Accounts or periodic reporting of VAT totals, are NOT listed above if no specific legislation exists about format or content.

DISLAIMER: No responsibility is taken of the correctness of above information. The specific accounting and VAT/Tax requirements for a company should always be confirmed with local auditors. The listed issues may not be applicable for all types of companies as well as additional issues may exist depending on the specific type of business.