General VAT advice

VAT declarations place high demands on individual taxpayers, who are increasingly reaching their limits in this complex VAT "world." This is not least because VAT is a so-called self-assessment tax. This means that VAT returns are submitted over several periods without any certainty as to whether they will be accepted by the Federal Tax Administration (FTA). This can lead to uncertainties and potential offsetting risks. We have recognized this problem and support you – tailored to your company's situation – with the following services:

• VAT Planning (Optimization) We analyze existing business transactions – all transactions of a company or just certain predefined ones – and optimize them from a VAT perspective in order to minimize the net tax burden (VAT owed).

• Obtaining a VAT Ruling One option and measure for serious and professional VAT planning can be obtaining a VAT ruling from the Federal Tax Administration (FTA). A VAT ruling is obtained when there is uncertainty about how the Federal Tax Administration (FTA) would treat a particular business transaction for VAT purposes. This provides protection from a VAT perspective. The case is presented to the FTA in writing (including submission of the relevant documents), and in return, the FTA confirms that VAT will be correctly accounted for in the respective case (assuming the FTA approves the VAT classification).

• VAT Risk Analysis We analyze business transactions – which are defined in advance in collaboration with the client – and assess whether a set-off risk would arise in the event of an audit by the Federal Tax Administration (FTA). Based on these findings, we provide recommendations on what measures can be taken to mitigate these risks and how they can be avoided in the future.

• Comprehensive VAT Check We analyze the VAT-relevant areas of your business and identify potential VAT-related weaknesses. We discuss the findings with you, provide recommendations, and implement the necessary measures. Possible measures include staff training or the creation of a VAT manual.

Your contact persons

Thomas Meister

Certified Tax ExpertTrustee with Federal Certificate

41 (0)62 556 69 80

[email protected]