Due to the economic stimulus package of the Federal Republic of Germany, which came into force on 1 July 2020, the regular VAT rate is currently 16% instead of 19%. When purchasing ecoDMS products, the current VAT rate automatically applies and the gross price has been adjusted in the online shop. ecoDMS customers thus directly benefit from this tax reduction.
The German Bundestag has decided to stimulate customer spending with their economic stimulus package for 2020. Lowering the VAT rate is aimed at strengthening consumer spending that has been weakened by the Corona pandemic and short-time work. Until the end of 2020, only 16 instead of 19 percent of VAT is added to the price of goods and services.
The reduced VAT rate also applies to purchases at ecoDMS GmbH. When buying ecoDMS products, customers have immediate savings of 3 percent on the gross price. The company from Aachen passes on the VAT savings directly to customers.
The prices are automatically calculated and displayed in the online shop. VAT will be lowered in the period between 1 July to 31 December 2020. The regular VAT rate is lowered from 19 to 16 percent.
ecoDMS GmbH has implemented the economic stimulus package with a minimum of red tape. With the exception of the online shop, all gross prices on the website will retain the regular VAT. The online shop automatically applies the modified VAT rate.
Economic Stimulus Package 2020: VAT Lowered from 19 to 16 Percent on all ecoDMS Products
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