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ARTICLE · 20 MARCH 1997

061. Changes In VAT Law As Of 1 January 1997

KPMG Germany
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While the VAT Revision Act of 1997 started out as part of the comprehensive 1997 Annual Tax Act, the decision was made in the autumn of 1996 to detach it from the larger piece of legislation and enact it into law right away so as to give the private sector more time to prepare for the changes it brings. Following ratification by the German Parliament (the Bundestag), the bill received the approval of the Federal Council (Bundesrat) on 8 November 1996.

The amendments contained in the VAT Revision Act of 1997 are intended to bring German VAT law into line with that of the European Union as a whole. The principal matters dealt with in the law are as follows:

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