As you may already know, in light of the challenges introduced by the ongoing pandemic, the German government recently agreed to a new round of fiscal support for the economy. Part of the new support program is a €20 billion Value-added Tax (VAT) reduction.
VAT rates were reduced temporarily from 1 July through 31 December, 2020. The standard VAT rate will go from 19 % to 16 % and the reduced rate from 7 % to 5 %.
So how will your accounting/finance teams handle this change? What do you need to do to correct any previously invoiced customers?
Join us Wednesday 29th of July 1pm CET for a workshop and learn:
How to adjust tax rates within Zuora
Ways to correct customer invoices for goods or services, at scale
The most popular pre-built workflows to help you efficiently manage your business and support your customers during this time
Should we count you in?
Register here: https://zuora.zoom.us/meeting/register/tJYpc-6ppjosH9WW1G7iDeeLFcESAmZFj5Ab
If you think other members of your team would also benefit, please feel free to share!
Caleb Saunders | Senior Customer Success Architect
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