Operator of electronic interfaces
Since 1.7.2021, in addition to the new regulations governing the place of supply and the tax consequences of the VAT Digital package of the EU are also the recording rules and liability rules for providers of electronic interfaces have been newly regulated. In particular, the operators of electronic interfaces no longer have to complete the national registration of the entrepreneurs acting through them with the VAT 1 TI certificate, but with the German VAT ID number. to lead. However, the tax authorities had granted a non-objection period until August 15, 2021.
Cross-border goods transports are tax-free. However, this can only apply if the carrier performs its service directly to the sender or recipient of the consignment of goods. So-called "subcontractors" can not carry out any tax-free transport services. The tax authorities had implemented this in principle and extended a transition period originally granted until June 30, 2020 several times to December 31, 2021.
The tax authorities have issued a supplementary position on the delimitation of the content of the involvement of subcontractors and, in particular, specified simplification regulations for the so-called mixed broadcasts. The non-objection regulation granted until December 31, 2021 has not been changed as a result.
Extended deadlines for the investment deduction amount
The legislature changed the investment deduction amounts in the Annual Tax Act 2020. They are among the most important tax breaks for small and medium-sized businesses - with the aim of increasing their willingness to invest.
For investment deductions that companies made use of in fiscal years ending after December 31, 2016 and before January 1, 2018, the investment period has already been extended to four years, i.e. companies would also have to make investments by the end of the fiscal year ending 2021 or dissolve the investment deductions increasing the profit. As a result of the KöMoG, the investment period has now been extended to five years, so that an investment that is only made in the financial year that ends before January 1, 2023 still remains on time.
The corresponding deadlines for investment allowances have also been set if the companies made use of this in financial years ending after December 31, 2017 and before January 1, 2019 , extended to four years so that such investments are still possible in the financial years ending before January 1, 2023.
Extension of the reinvestment period
The reinvestment period was extended by two years through the KöMOG . This allows companies to post profits from the sale of certain assets tax-free as reserves. If the reinvestment reserve is still available at the end of the financial year ending after February 28, 2020 and before January 1, 2021 and should be dissolved, the reinvestment period and thus the obligation to dissolve the reserve will be postponed to the end of the second subsequent financial year. Great for those of you who have been navigating Corona by making changes and adjustments.
That concludes our overview of the 2022 changes for the taxation and financial year, that freelancers and the self-employed should be aware of. We are going to delve into some of the more impactful changes over the coming months to ensure you are fully aware of how these changes will impact you.