German Tax Updates in January 2024
January 11, 2024
1. Update in Mandatory Electronic Invoicing.
2. Gastronomy from 1st January, 2024: VAT Rate jumps back to 19%.
3. Private use benefit from company cars: Changing the calculation method can save taxes.
4. Due to increase in the annual income threshold as of 1st January, 2024: Reassess public health insurance obligation.
5. Low-value assets.
6. Special depreciation according to Section 7g Individual Tax Law.
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