Usage Note
Umsatzsteuer is the German term for the turnover tax charged on sales at each stage of production, equivalent to VAT. The standard rate is 19%; reduced rate 7% (Mehrwertsteuer is the everyday synonym). Businesses report it in the Umsatzsteuervoranmeldung.
Examples
"Kleinunternehmer sind unter bestimmten Voraussetzungen von der Umsatzsteuer befreit."
Natural Translation
Small business owners are exempt from VAT under certain conditions.
Literal Translation
Small-business-owners are under certain conditions from the VAT exempt.
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