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Reducing VAT for overnight stays in hotels from 19 to 7%
Germany reduces VAT for hotels
Monday, October 26, 2009
The new government of Germany will reduce VAT for overnight stays in hotels from 19 to 7% until from January 1, 2010, hotelier.com reported. It's a great success for the hotel associations of Europes largest country. In Germany, from beginning of the next year the rate for hotel guest rooms will be charged with 7% VAT. Actually, the VAT for hotels is 19%.
The higher tax rate will remain for restaurants despite of VAT reduces in nearly all other Western European countries from 5 to 10%. Now, all hotels could concentrate on renovations and expansion, the German hotel associations DEHOGA and IHA said.
The higher tax rate will remain for restaurants despite of VAT reduces in nearly all other Western European countries from 5 to 10%. Now, all hotels could concentrate on renovations and expansion, the German hotel associations DEHOGA and IHA said.
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This is great news. we can now start investing in renovations and give our guest more value
nihal samarasinha - Tuesday, November 03, 2009
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