Temporary changes to tax regulations no problem
In a rush, Germany und Austria decided (Austria: final decision still to happen) to lower VAT rates for a limited period of time as part of a number of efforts to even out some of the damages to the economy resulting from the Corona pandemic. You can even be faster when implementing these modifications in your Klopotek O2C and Royalty system (now available in the Cloud).
You only need to make changes in the configuration settings – which just takes a few minutes – to make your system fit for the tax modifications that will be valid from July to December 2020. Simply enter the new VAT rates with a new financial accounting identifier and the period of validity in the respective configuration tables – and your system will perform all calculations according to the new legal situation.
We are always in contact with tax consultants and auditors to clarify and implement instructions from governments that are relevant to the publishing industry, such as guidelines issued by the German Federal Ministry of Finance.
In case of any questions, please contact our specialists who will be happy to assist you. Of course, they can also help you with the modifications to your system configuration.
Just get in touch with your consultant / key account manager or write to info(at)klopotek.com.