The planned temporary reduction of the VAT to the retail trade in front of major challenges. “We have to do it with a comparatively high effort. That would cost a high two-digit million amount,“ said the chief Executive of the trade Association, Stefan Genth, the German press Agency. POS systems would need to be changed, the price tags are replaced, and advertising to be re-designed.
Legally, a “invoice discount, however, is” possible: the prices of each item would – in an average supermarket, around 15,000, in large-scale even 40,000 is signposted – as in the past, on the shelf, and the benefit to the Fund is calculated. “You can reduce the overall price at the cash register accordingly. This is legal and the consumer is legally possible,“ said Genth. However, had to show, whether to give it to the customer for acceptance, or whether a lack of price criticized transparency.
Rude awakening: prices go down, then up again
would have to be means For the dealer that in six months all prices are recalculated and awarded. Add to that Genth, according to a re-increase of the prices was severe to the customers to communicate. Because if the 1.1.2021 back to the previous VAT rates apply will also have to give the dealer to their customers.
Perhaps the prices will rise even to an even higher level. Genth warns, at any rate, the dealers, the cost of the double transition burden: “It would be disastrous if on 1. January three percent added, and the trading remains on a portion of the costs.“ Content check: The gross-to-net calculator 2020, much net is left for them by the gross
“That comes in the very short term, there are only three weeks to adapt,” said the tax consultant, and sales tax expert with the consultancy Baker Tilly, Marion Fetzer. “This is both for large companies as well as for smaller merchants is a challenge.”
retail chains promise of tax reduction to customers
At the trade chains was initially unclear how you wanted the conversion in a few weeks to prepare. “We now have a lot of work to do. But we will face up to this task and will also give to the customers,“ said a spokesman for the supermarket chain Rewe.
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Even the other chains such as Aldi, Lidl or Netto had already announced that the reduced VAT in the Form of price reductions to customers In what way, it is necessary to clarify still.
SAP: Change is only a handle
Also for the accounting in larger businesses and all those traders that have POS systems in use, the temporary reduction in adjustments with it. The software company SAP, whose services, many companies can use, one remains, nevertheless, deeply relaxed. To “change the VAT rates, is a simple, leaner process,” a spokesman said. The customer would only have to adjust in the boxes the Numbers.
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“Large corporations, who are worldwide active in over 100 countries, make it the more constantly,” said the spokesman. “The logic of the VAT is in every country the same, but the parameters will change from time to time.” The customers are used to it, there is no increased Demands. They used the Cloud Software, get SAP the Change itself, and that was only a handle.
VAT is reduced from 19 to 16, and from 7 to 5 percent
by the Corona-pandemic severely ailing economy a boost, the German government had decided to reduce the VAT rate from 19 to 16 percent. The reduced VAT rate of seven percent, which is the case for essential goods, will fall to five per cent. The Bundestag and the Bundesrat must agree to. However, this provision is limited from July to six months.
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