VAT Reimbursement
The VAT rate in Germany is 19%.
Due to European tax regulations registrations at trade fairs and conferences are subject to local VAT taxation. Whereas if you book a stand at Classical:NEXT you do NOT need to pay VAT, IF:
- your company is based in the EU (except Germany) and you have a valid VAT ID number
- your company is based outside the EU
VAT reclaim:
A taxable person is allowed to deduct the VAT he paid on his purchases insofar as the goods or services are used for his business activities. However, there is no right to deduct input VAT if he:
- uses them for an exempt activity or
- is not obliged to charge VAT on his outputs (e.g. schools, banks, insurance companies, small businesses under the exemption threshold etc).
Firms from inside the EU can claim the VAT refund by contacting YOUR local tax authorities in YOUR country and they will claim the refund electronically from the German tax authorities.
Taxable persons from outside the EU who incur VAT in connection with their business activities in a Member State in which they do not make supplies of goods or services are entitled to deduct the VAT charged in that Member State. This "deduction" is by means of a refund of VAT from the Member State in which the VAT was paid.
For more information please see this website: www.ec.europa.eu and contact your tax consultant.