German finance ministry re-defines ‘work supplies’ for VAT purposes

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German finance ministry re-defines ‘work supplies’ for VAT purposes

Foreign companies that supply goods including installation, assembling or processing services must re-evaluate their transactions

Ferdinand Kandlhofer, group VAT manager at Siemens AG in Munich, explains how foreign companies supplying goods and services to customers in Germany from 2021 will be affected by the change to the ‘work supplies’ definition.

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