The Fourth Bureaucracy Reduction Act reduces retention periods for documents and eases other VAT-related obligations.
The Fourth Bureaucracy Reduction Act, which reduces retention periods for documents and eases other value added tax (VAT)-related obligations, was enacted by the Parliament and published in the official gazette on October 29, 2024.
Read an October 2024 report prepared by the KPMG member firm in Germany
Other recent VAT developments that may affect businesses in Germany include the following items: