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Commentary

Cash accounting (Germany)

19 Germany

Businesses registered for VAT in Germany must, in principle, account for VAT according to the agreed consideration for sales of goods and services effected in a tax assessment period (month, quarter, year).

However, in some cases businesses may be permitted by the tax office, upon application, to account for VAT according to the consideration received in a tax assessment period.

In this case, VAT on considerations has to be accounted

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