Summer Edition - Fohlen

Auction Billing System

Agency Transactions VAT is added to the knock down price. The amount of VAT is based on the individual VAT rate of the seller. The VAT rate of the individual seller - commercial or opting farmer = 19% - farmer with tax flat rate = 9.5% - private breeder or small-scale entrepreneur according to $ 19 UStG = 0% - commercial seller from the European Union = individual VAT rate of the respective state is listed in the pedigree of the horse/foal below or next to the name of the exhibitor. The auction fee and the hereupon applying VAT as well as the insurance fee remain unchanged. The following is an example for the calculation of the total amount invoiced based on a knock-down price of 10,000 €: Knock-down price: 10,000 € Auction fee Eugen Wahler KG 6 % VAT rate of the seller

hobby breeder / privat seller 0%

farmer with tax rate flex 9.5%

commercial or farmer opting to tax 19% 10.000,00 € 1.900,00 € 11.900,00 € 600,00 € 114,00 €

Knock-down price add. VAT

10.000,00 € - € 10.000,00 € 600,00 € 114,00 € 10.714,00 €

10.000,00 € 950,00 € 10.950,00 € 600,00 € 114,00 €

Subtotal 1 Auction fee plus 19% VAT

Subtotal 2

11.664,00 € 12.614,00 €

Insurance (1%) plus 19% Insurance tax Total amount invoiced

107,14 € 20,36 €

116,64 € 22,16 €

126,14 € 23,97 €

10.841,50 €

11.802,80 € 12.764,11 €

Information for foreign buyers: The invoiced VAT of flat rate farmers (9.5%) cannot be reimbursed because the sellers do not have to divert it to the German fiscal authorities. A reimbursement may be possible in the home country of the buyer. If the necessary documents are handed in, a VAT exemption for the auc tion fee is possible. If the seller is a commercial seller or an opting farmer, the VAT exemption remains unchanged. The VAT will be reimbursed when the export of the horse/foal is certified. We are happy to answer your questions regarding the billing system. Please feel free to contact us.

32