Newsletter 532: Change in VAT-Invoicing
Dear Sir or Madam,
In the current VQT-Setup, VQF does not invoice value-added tax on SRO-membership fees as well as on training fees. As a consequence, the association cannot deduct all arising input VAT. To rectify this, the board of VQF has decided on its board meeting of 23 March 2018 that VQF will opt for the VAT-exempt services and thus report VAT on all of its services going forward.
We wish you a happy Easter-weekend.
Kind regards,
VQF
Financial Services Standards Association
Please note that only the German version is legally binding.