VAT Changes in certain countries due to Corona economy funds

On June 3rd, 2020 the German government decided for a Corona economic stimulus package which includes a value added tax cut. This is supposed to be effective from July 1st, 2020.

In dependence to your accounting as well as the integration depth of C3 several adjustments are necessary. Adapting nominal accounts and tax keys, an additional update might be necessary.

We are drafting up a concept and will release all relevant actions as soon as possible.

In the past we already established VAT cuts in other countries and will present you our solution in a few days.

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