NGC GmbH Applying Lower VAT Rate to Applicable Submissions
Posted on 7/16/2020
NGC International GmbH (NGC GmbH), the Germany-based affiliate of Numismatic Guaranty Corporation (NGC), Numismatic Conservation Services (NCS) and Paper Money Guaranty (PMG), has updated its online services and fees charts to reflect Germany's temporary reduction in VAT from 19% to 16%. To encourage economic growth, Germany has instituted this tax relief measure for services completed from July 1 to December 31, 2020.
The temporary 16% VAT rate will be automatically applied to eligible NGC GmbH submissions completed between July 1 and December 31, 2020. The fees listed in the VAT included column of the NGC Services & Fees page and the PMG Services & Fees page now reflect the temporary 16% VAT rate. (NGC GmbH submission forms and PDF fee charts are not being updated at this time.)
If you have any questions, please call +49 (0) 89 550 66 780 or email Service@NGCcoin.de.
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