3U subsidiaries weclapp and Selfio prepared for tax rate reduction

Marburg, 30 June 2020 – When the reduction of the sales tax rates decided by the Federal Government comes into force on 1 July 2020, Selfio GmbH and weclapp SE, both subsidiaries of 3U HOLDING AG [ISIN: DE0005167902], will be well prepared for the changeover.

Selfio, the building services online shop for do-it-yourselfers and self-builders, sees a great potential for homeowners and DIY enthusiasts in the reduction. “Who handles larger projects at the house in the second half of the year, does well to take along the tax saving from the tax rate change – which we pass on of course – with the purchase of larger plants , advises Dominik Schmucki, managing director of the Selfio GmbH. “For these customers, the reduction of the value-added tax is equivalent to a discount.” The building services Onlineshop addresses do-it-yourselfers with its already favorable final prices and installation recommendations and tricks.

Meanwhile weclapp SE creates with the cloud based ERP system the conditions for its customers to show the value added tax correctly on all trading places. The ERP software, designed as a SaaS platform, can be operated via any internet-capable browser and can therefore be used without maintenance. “Internationally, we already map different tax rates – this change is nothing different. In addition, we can react to every change and carry out updates at any time”, says Ertan Özdil, founder and CEO of weclapp SE. He knows that his customers – especially now – wish to concentrate on their products and services.

“With our business models in cloud computing and e-commerce, we are prepared for the future: Being independent of location, autonomy, speed of reaction – these are the strengths that are even more important in the new everyday life”, says Michael Schmidt, founder and CEO of 3U HOLDING AG.