VAT, Sales Tax, Umsatzsteuer
this section needs to be rewritten for turkish customers and for turkish kdv. please discuss kdv with zaliha, she is getting information from the turkish tax consulatant.
VAT Value Added Tax
VAT is applicable by country where your practice is located. VAT has several names,
- VAT Value Added Tax
- UST Umsatzsteuer in German
- Sales Tax.
Copecart is a reseller of EEG Expert products and is responsible for VAT calculation.
Copecart may support "VAT Reverse Charge".
Germany VAT 16/19
The old 19% UST rule applies to our invoices early July - 'Leistungszeitraum' is June 2020.
Copecart will be calculating and applying 16% for German customers starting July 1st, 2020.
The 16% VAT rate will be reflected in any subscription invoices for purchases made beginning 1 July 2020 and will continue through December 31, 2020. Due to recent tax legislation changes in Germany, the Value Added Tax (“VAT”) rate for digital services will decrease from 19% to 16%. The German government has stated that this is a temporary reduction that will last until 31 December 2020.
How this affects you
- From 1 July 2020, the VAT rate applied to services will be 16% for customers in Germany.
- The 16% VAT rate will be reflected in your monthly invoices, beginning with the July 2020 billing period, for invoices issued in August 2020. The monthly invoice for the period June 2020, issued in July 2020, will still reflect a 19% VAT rate.