German Economy Minister Glos to restrict Deutsche Post's VAT privilege
German Economy Minister Michael Glos plans to restrict Deutsche Post World Net AG’s value added tax privilege while expanding that of the company’s competitors, Euro am Sonntag reported, without citing sources.
So far, the company pays no VAT for its so-called universal service, including correspondences of up to 2000 grams, parcels of up to 20 kilograms and the dispatch of newspapers, it said.
The company’s competitors have to pay 19 pct of VAT for all their services, it added.
In the future, the universal service is to be restricted but will be VAT-free for all competitors of Deutsche Post, the magazine added.
German Economy Minister Michael Glos plans to restrict Deutsche Post World Net AG’s value added tax privilege while expanding that of the company’s competitors, Euro am Sonntag reported, without citing sources.
So far, the company pays no VAT for its so-called universal service, including correspondences of up to 2000 grams, parcels of up to 20 kilograms and the dispatch of newspapers, it said.
The company’s competitors have to pay 19 pct of VAT for all their services, it added.
In the future, the universal service is to be restricted but will be VAT-free for all competitors of Deutsche Post, the magazine added.
