Information on VAT Reduction
In order to give new impetus to the economy in the corona pandemic, the German federal government decided to reduce the German VAT from 19 % to 16 % and the reduced VAT from 7 % to 5 %. The new tax rates apply from July 1st 2020 to December 31, 2020. But what exactly does this new VAT regulation mean for your purchase at smow? Here are the most important questions and answers:
Is smow passing the VAT reduction on to customers?
It goes without saying that we have passed the lowered VAT rate on to our customers. Since July 1st we have reduced all prices across our shop accordingly. Articles that cannot be delivered until the new year, and thus after the return of the normal VAT rate, are however not marked with the reduced price. All current prices can be found on the respective product pages.
Does the price reduction also apply to international orders?
The price reduction also applies to deliveries abroad.
How long do the new prices at smow apply?
It pays to be decisive: The reduced German VAT rate only applies for orders dispatched before December 31st 2020. For orders dispatched in 2021 we will have to charge the regular VAT rate. Please note that some items that are not in stock have delivery times from the manufacturer of up to eight weeks. So don't delay! Order now and save!