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Information regarding the reduction in VAT
The Second Corona Tax Assistance Act was passed on 29 June 2020. The corresponding letter from the Federal Ministry of Finance was issued the following day.
The date of performance is the decisive factor for the temporary reduction in the rate of value-added tax from 19 to 16 percent from 1 July to 31 December 2020: In the case of deliveries, the start of dispatch/transport is decisive; in the case of other services, this is typically the time the service is completed.
D‑TRUST’s certificate products, which are based on the term of the certificate, are other services for tax purposes, i.e. a so-called continuous service, which is invoiced in advance when the service commences, usually without any partial services. This service is not deemed to be performed until the time of its completion (see sec. 13 (1) no. 1 of the Value-added Tax Law (UStG, Umsatzsteuergesetz) and sec. 13.1 (3) of the German VAT Application Decree (UStAE, Umsatzsteuer-Anwendungserlass). In these cases, the ‘valid until’ date of the certificate service is therefore decisive for determining the correct tax rate.
This means that the reduced VAT rate is not applicable to the eHPC or the SMC-B card because their certificates are valid for five years.
D-TRUST Price List
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