Suchergebnisse für: `foreign-currency` (9 gefunden)

1. 30. August 2024

   Foreign currency losses in the case of shareholder loans to ...

   In a most recent decision, the Supreme Tax Court held that foreign currency losses on shareholder receivables similar to loans do not reduce the taxable income of the corporation. This was decided by the Supreme Tax Court in its interpretation of Section 8b (3) Corporation Tax Act as valid in 2014 and which deals with investments in other corporations and the non-deductibility of losses in connection with certain shareholder loans.

   Kategorien: Supreme Tax Court cases

   Schlagwörter: Loss relief, shareholder loan
2. 11. Oktober 2011

   Currency exchange is service for VAT

   The finance ministry has issued a decree accepting a Supreme Tax Court judgment that currency booths are a service for VAT, but allowing a business accepting payment in foreign currency a full input tax deduction.

   Kategorien: Official Pronouncements

   Schlagwörter: banking service, currency exchange, boot ...
3. 17. März 2017

   Write-downs to fair market value resulting from foreign exch ...

   Where a company, which has acquired investment units in US dollar denominated equity funds, writes down the value of the investment units to their fair market value following an unfavourable development in the foreign currency exchange rate, the company must add the write down back off-balance sheet.

   Kategorien: Supreme Tax Court cases

   Schlagwörter: Corporation tax, Off-balance sheet add b ...
4. 31. August 2011

   Foreign tax credit on hedged loan interest takes hedge costs ...

   The Supreme Tax Court has held that the hedge costs on a foreign currency loan are to be deducted from the interest received in calculating the net foreign income as the basis for the foreign tax credit available.

   Kategorien: Supreme Tax Court cases

   Schlagwörter: loan interest, interest, foreign currenc ...
5. 28. März 2013

   Supreme Tax Court ruling on option premium applies to hedges ...

   The finance ministry has decreed that a Supreme Tax Court ruling that an option premium is expense on the decision not to exercise the option applies to hedges, but not to speculations.

   Kategorien: Official Pronouncements

   Schlagwörter: hedge, option premium, speculation, forw ...
6. 13. August 2014

   Pre-tonnage tax gains fully chargeable to trade tax

   The Supreme Tax Court has held on a literal interpretation of the statute that an unrealised exchange gain on opting for tonnage tax does not qualify for the trade tax privilege for shipping income when realised.

   Kategorien: Supreme Tax Court cases

   Schlagwörter: tonnage tax, shipping line, pre-tonnage ...
7. 06. April 2011

   No deduction for private currency speculation losses before ...

   The Supreme Tax Court has refused a taxpayer a deduction for a series of short-term losses incurred through speculating in foreign currencies.

   Kategorien: Supreme Tax Court cases

   Schlagwörter: investment income, capital gain, foreign ...
8. 25. Juni 2021

   Bundesrat approves the Act to Modernise Corporate Income Tax

   UPDATE: In its session on 25 June 2021, the Bundesrat gave its approval to the Act to Modernise Corporate Income Tax Law. The Bundesrat thus followed the recommendation of the Finance Committee. The law is should enter into force on 1 January 2022.

   Kategorien: Official Pronouncements

   Schlagwörter: Corporation tax, tax group, Exchange rat ...
9. 27. September 2016

   Packet of measures against profit reduction and profit shift ...

   At a sitting on 23 September 2016, the Federal Assembly (Bundesrat) has responded to the draft of the Act to Implement the Amendments to the EU Mutual Assistance Directive and to Introduce Further Measures to Combat Profit Reduction and Profit Shifting (“the draft Act”) and proposed further measures.

   Kategorien: PwC Reports

   Schlagwörter: EU Mutual Assistance Directive, Profit R ...