On July 1st 2020, the VAT rate in Germany changes from 19% to 16% (and from 7% to 5% for the reduced rate). This is a temporary change as part of the Konjunkturpaket, and will be in effect until December 31st 2020.
What does this mean for you?
First, we will automatically apply these changes to your Cobot subscription fees.
Second, we will automatically apply these changes to your Cobot space. Anything within your space that operates using the 19% tax rate, such as Membership Plan fees, will be reduced to 16% and anything that has a 7% tax rate, such as a Service Charges, will be reduced to 5%.
But what about invoices issued in June that cover July or later?
We will automatically apply corrections to your existing invoices. This means:
What happens with time passes or booking passes that were invoiced already, but are used later?
The invoices for these time passes or booking passes are also subject to a correction as described above.
All of these changes will take effect on July 1st 2020 and will end on December 31st 2020, at which time your tax rates will revert back to 19% and 7%.
If you have any questions, please send a message to firstname.lastname@example.org.
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