Family foundation as financial institution as defined in Sec ...
In a most recent decision, the Supreme Tax Court held that the legal form of an institution is not relevant for the qualification as financial company within the meaning of Section 8b (7) sentence 2 of the Corporation Tax Act to be read in connection with Section 1 (3) of the German Banking Act. Therefore, a family foundation under private law can also be considered as finance institution if they are primarily engaged in financial activities.
Kategorien: Supreme Tax Court cases
Schlagwörter: Financial Services (FS) / Finanzdienstle ...