VAT increase from January 1, 2021

In order to cope with the economic effects resulting from the Corona crisis, the federal government has decided to lower the value added tax for the period from July 1, 2020 to December 31, 2020. The normal tax rate has been reduced from 19% to 16% and the reduced tax rate from 7% to 5%. This temporary reduction will end on January 1, 2021 and the standard tax rates of 19% and 7% will apply again.

What steps in BUSINESS necessary to implement the VAT increase depends on whether you are transferring the data to external Financial accounting software or the evaluation with the Finance manager use or not.

Open the wiki page that applies to you with the corresponding explanation of the necessary steps:

for a license without a general ledger interface and finance manager
for license with Fibu interface and / or finance manager