Current VAT conversion rates since 2010

Here you will find the monthly updated VAT conversion rates. In accordance with § 16(6) UStG, entrepreneurs must convert values in foreign currencies to euros in their pre-tax declarations and annual declarations for the calculation of the tax and deductible input tax amounts, according to the average exchange rates that the Federal Ministry of Finance (BMF) has publicly announced for the month in question. This public announcement is made by a BMF letter. This BMF letter is published on the one hand on the BMF’s website, on the other hand in the Federal Tax Gazette Part I and in the Federal Gazette. On the first working day of the following month, the BMF receives from the Deutsche Bundesbank an overview of the average euro reference rates of the European Central Bank (ECB) for the previous month and regularly makes them available to the public during the first working day. The publication in the Federal Tax Gazette (BStBl) takes place afterwards.