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The VAT Revision Act of 1997 made major changes in the VAT treatment of chain deliveries to bring German law into line with the prevailing EU viewpoint on this subject (reported on in article no. 61).
The Federal Ministry of Finance has now published a detailed directive dealing with the new rules as regards chain transactions (directive of 18 April 1997 - DB 1997 Beilage Nr. 9).
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