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CAFM-Blog.de | Efficient Contract Management according to §2b UStG

Efficient Contract Management according to §2b UStG

The introduction of §2b of the Value Added Tax Act (UStG) has significant implications for contract management in legal entities under public law. This paragraph regulates the VAT treatment of services provided by legal entities under public law. In contract management, this means that public-law corporations must review their activities for their VAT relevance. This particularly affects services provided within the scope of public authority, as well as collaborations between public institutions. The correct [...]

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CAFM-Blog.de | VAT Obligation for Electronic Services: What §2b UStG Means

VAT liability for electronic services: What does §2b UStG mean?

The VAT liability for electronic services according to § 2b UStG is a central regulation in German tax law. It defines the tax obligations for companies that provide electronic services. Electronic services are understood as digital products and services that are provided via electronic networks. This regulation has far-reaching effects on the tax treatment of companies in the digital sector. § 2b UStG specifically regulates the VAT liability for legal entities under public law that

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CAFM-Blog.de | What Does an Operational Audit Mean?

What does a tax audit mean?

A tax audit is a systematic examination of a company's tax situation by the tax authorities (and as long as you're not Al Capone, everything should be fine, just for clarification…). It serves to verify the accuracy and completeness of tax declarations and compliance with applicable tax laws. The audit can cover one or more tax periods and includes the analysis of accounting records, receipts, and other relevant documents. Tax audits can be announced

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CAFM-Blog.de | What you need to know about trade tax

What You Need to Know About Trade Tax

Trade tax is a municipal tax paid by companies and self-employed individuals on their trade earnings. It represents a significant source of revenue for municipalities and serves to finance local infrastructure and public services. The calculation is based on trade earnings, which are derived from company profits. The trade tax rate is determined individually by each municipality and usually varies between 200% and 500%. As a municipal tax, the assessment and collection of trade tax are the responsibility of

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CAFM-Blog.de | Accounting: The Most Important Aspects of Legally Compliant Bookkeeping [Update!]

Accounting for Beginners: The Most Important Basics Explained

Bookkeeping is an essential component of every company, regardless of its size or industry. It includes the systematic recording, organization, and documentation of all financial transactions that a company undertakes. In this blog post, we will examine the various aspects of bookkeeping more closely to gain a better understanding of its importance and requirements. Key Takeaways Bookkeeping is the systematic recording and evaluation of business transactions. Companies must keep books if

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