Part of the new support program is a €20 billion Value-added Tax (VAT) reduction. VAT rates will be reduced temporarily from July 1 through December 31, 2020. The standard VAT rate will go from 19 percent to 16 percent and the reduced rate from 7 percent to 5 percent. The reduced rate applies to a portion of consumption in Germany including some foods, transportation options, reading materials, and cultural events.
to calculate VAT Percentage vist :
techcal.net/
john88
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