At Insiders Technologies it is our constant goal to support our customers and partners in their daily business in the best possible way. In particular, this also includes reacting to new framework conditions and legal regulations that arise at short notice.
The decision of the Federal Government of 4 June 2020 on a Corona economic-package also has a direct impact on our invoice processing product – smart INVOICE. From 1 July to 31 December, the VAT rate will be reduced from 19 to 16 percent and the reduced rate (for everyday goods) from 7 to 5 percent.
We have adapted our product smart INVOICE to this tax reduction and will provide our customers and partners with the necessary adaptation with immediate effect, including deployment, documentation and QA measures.