Calculate early payment discount deductions, adjusted invoice amounts, VAT adjustments, and the effective annual interest rate for B2B invoices in seconds.
Taking advantage of a 31.9% discount yields an annualized return far exceeding standard bank interest rates.
The short answer: The Solobuch Skonto calculator determines the discount deduction, payable amount, VAT correction (§ 17 UStG), and effective annual interest in seconds.
Essential accounting and commercial facts about early payment discounts in Germany.
Skonto is deducted as a percentage of the total invoice amount. In German tax law (§ 17 UStG), the seller must reduce output VAT accordingly when the buyer claims Skonto.
In commercial practice, the buyer deducts Skonto from the gross amount because payment transfers are gross. The taxable base and VAT reduce proportionally.
The effective annual interest rate shows the annualized yield of paying early. Example: 2% discount within 10 days instead of 30 days equals ~36% annualized yield.
Yes. If you offer an early payment discount, the specific conditions (percentage and deadline date or days) must be stated clearly on the invoice.
