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Posts Tagged ‘MwSt’

PAngV

Wednesday, August 26th, 2009

PAngV is the abbreviation for Preisangabenverordnung. This is a law in Germany that came into effect in 1985.

It governs factors of consumer life, such as ensuring that the prices in supermarkets and restaurants include tax (MwSt), unlike in some other parts of Europe.  For web-based shops, this can mean stating whether or not a price includes tax, because the shop may not necessarily be targeted at consumers.  Business prices often to not include MwSt.

Another example of this law would be the finance rates at the bank or on a credit card, which have to be displayed in a particular way.

To hear a simple explanation and a short discussion in German, listen to the podcast:

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This podcast is intended to be a guide for foreign visitors to Germany, and does not constitute legally binding advice.

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MwSt

Tuesday, September 23rd, 2008

MwSt is the abbreviation for Mehrwertsteuer, which is also known as Umsatzsteuer (USt).  This is the equivalent to VAT in the UK.

At present, MwSt is 19% for most items in Germany, with some items such as basic foodstuffs and books being only 7%.  For some goods and services (eg. stamps) there is currently no MwSt.

The term “Mehrwertsteuer” was introduced in 1968, but the principles were first introduced as a form of stamp duty in 1916.

To hear a simple explanation and a short discussion in German, listen to the podcast:

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.


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Download the MP3 file | Comment in the forum

Subscribe to the podcast | Listen by telephone

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