BMF issues new guidance on conditions for refund of incorrectly charged VAT
Global Tax Update:November 2015/Germany
BMF clarifies that refund of incorrectly charged VAT by the tax authorities requires the repayment of the amount to the recipient. (Global Tax Update:November 2015/Germany)
On 7 October 2015, Germany’s Federal Ministry of Finance (BMF) issued a circular clarifying that where a VAT invoice is corrected because VAT has been charged incorrectly, the supplier must refund the excess VAT to the customer in order to have the amended invoice be considered by the tax authorities.
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