As part of the economic stimulus package to boost the economy, the government decided to reduce VAT rates for the period from July 1 to December 31, 2020.
This means that the full tax rate will be reduced from 19 % to 16 % and the reduced tax rate from 7 % to 5 % in the above-mentioned period.
This decision now presents you with the challenge of making a temporary VAT change in Business Central/Dynamics NAV at short notice.
If you need our help setting up the new VAT rates, please contact us immediately so that we can schedule your set-up support!
Write an e-mail to vertrieb@br-ag.com or contact us by telephone on 089 - 211 11 848!
