Beiträge zum Stichwort ‘late payment’

• Penalties Continue to Apply for Late Payment of Wages and Salaries in Germany

  Mar 28, 18 • Employment Law • No Comments • Dr. Eric Uftring
  

  Employers are required by law to pay wages and salaries on time. If they fail to do so, they risk a penalty. Since July 01, 2016, a fixed sum of 40 euros is payable as lump-sum compensation for late payments. This […]

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• Refund of German VAT: Retroactive Correction of Invoices

  Mar 31, 17 • Value Added Tax • No Comments • Johannes Fein
  

  Under German tax law, value added tax on services received is refunded to companies. The prerequisite for a refund is that the invoice submitted is formally correct. As German VAT tax law places high requirements on invoices, however, suppliers frequently fall […]

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