Germany is one of the world’s most popular tourist destinations, attracting over 30 million visitors each year. As such, it’s no surprise that the country has a thriving tourism industry, which is worth an estimated €106 billion. However, if you’re planning on setting up a business in Germany that will cater to tourists, you need to be aware of the country’s VAT (Value Added Tax) system. In this article, we’ll explain what you need to know about VAT registration in Germany, including the benefits of using a VAT registration service.
Germany has a value-added tax (VAT) of 19%, which is imposed on the supply of goods and services. Businesses that are registered for VAT must charge VAT on their supplies, and account for the VAT they have charged to the tax authorities. Businesses that are not registered for VAT can still charge VAT on their supplies, but they must remit the VAT to the tax authorities.
Overall, Germany offers a number of advantages for businesses looking to establish themselves in the country. These advantages include a skilled workforce, a central location in Europe, a stable political and economic environment, and a well-developed infrastructure. Additionally, the German government offers a number of incentives and programs to help businesses get started and grow in the country.
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