The Federal Ministry of Finance published the policy draft of a regulation on the awarding of a tax-related business number.
The Federal Ministry of Finance (BMF) on June 28, 2024, published the policy draft of a regulation on the awarding of a tax-related business number (W-IdNr).
The draft regulation focuses on the structure and assignment of the W-IdNR, which in the future will be stored in the register of basic company data and serve to identify companies uniquely and across registers.
The Federal Cabinet is expected to approve the draft regulation soon, and the Federal Council is expected to do so on September 27, 2024.
The initial allocation of the W-IdNr. is expected to begin on November 1, 2024.
Read a July 2024 report prepared by the KPMG member firm in Germany
Other recent value added tax (VAT) developments that may affect businesses in Germany include the following items: