In order to deal with the economic damage caused by the Corona crisis (Covid-19), Germany has adopted a multi-billion euro economic stimulus package.
Among other things, this includes a reduction in value added tax from 01.07. to 31.12.2020. During this period the normal VAT rate in Germany will be reduced from 19% to 16% and the reduced VAT rate from 7% to 5%.
The reduction in VAT in Germany has an impact on the calculation of the margin and thus on the selected ACoS strategies such as break-even.
You can have this reduction carried out automatically by us. When you log into your BidX account, you will receive a notification window in the Product Management area, in which you can confirm the automatic reduction by BidX.
The settings can also be viewed and changed at any time in the Account Settings:
If you have agreed to the automatic adjustment of the tax rates on the German marketplaces, this will automatically be reset to 19% or 7% on 01.01.2021 *
For special cases and other questions, please contact BidX Support.
* Depending on future decisions of the federal government