Category: Digitale Transformation

Dealing with barter-like turnover

Definition “According to Section 3 (12) sentence 2 of the German Turnover Tax Act (UStG), a barter-like transaction occurs if the consideration for another service consists of a delivery or another service. However, a barter-like transaction also arises if the consideration for a supply consists of another service. If, in the context of such a… Read more

How tegossuite implements the new Intrastat requirements

Background:  As part of the free movement of goods within the EU, Intrastat reporting is used to provide insight into trade statistics data between EU member states. Intrastat reporting depends on exemption thresholds that are country-specific and import/export-specific. Example: In Germany, companies are required to submit an Intrastat declaration if import is equal to or… Read more

Digitalisation within financial controlling in times of crisis: what waste disposal companies have to do to secure their liquidity

The COVID-19 pandemic has hit SMEs hard and many companies are still a long way off from being able to breathe a sigh of relief. The headache for companies – not just in the waste management industry – has been securing liquidity. Digital transformation before and during the crisis It’s a fact that the crisis… Read more

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