The invoice has a central position in sales tax law. It is vital to the net all-phase sales tax system because it secures the entrepreneur the input tax deduction for his input sales according to § 15 Abs. 1 UStG.
Strict standards for proper billing
The principle is that for the input tax deduction according to § 15 Abs. 1 UStG a proper invoice according to § 14 UStG is required. The legislature has repeatedly tightened the requirements for a proper invoice in recent years. An invoice must contain a large number of information, which can be found in the catalog of § 14 Paragraph 4 UStG. If even one of these details is missing, the input tax deduction is to be denied, as there is no proper invoice.
The new tax rates apply to goods and services exported from July. In the best case, this could reduce the final … Read More