none

Complete I.T. Blog

How to Change the German VAT Rate in Pegasus Opera 3

by | Jun 24, 2020 | ERP

How to Change the German VAT Rate in Pegasus Opera 3

With effect from 1st July 2020, Germany has decided to lower their VAT rates to help boost the economy after COVID-19 and it is quite likely that other countries will follow in their footsteps.

  • Standard rate is to be reduced from 19% to 16%
  • Reduced rate is to be reduced from 7% to 5%

The good news is, if you charge German VAT then you can amend Opera 3 yourselves. All you have to do i follow the two steps below:

  1. Simply access the VAT codes under VAT Processing from the Opera 3 system menu
  2. Then for each German VAT code on the system enter the new rate in Rate 2% and the start date in the Date 2 field

The new rate will automatically come in effect from this date.

How to Change the German VAT Rate in Pegasus Opera 3

If you are having any trouble please get in contact with your technical adviser who will be able to assist.

 

Written By Tom Race.