24. Februar 2022 Federal Ministry of Finance produces draft bill for the amen ... The Federal Ministry of Finance published a draft bill dated 14 February 2022, regulating the statutory interest rate for interest on tax arrears and tax refunds. Kategorien: Tax & Legal News, LegislationSchlagwörter: interest, tax arrears, tax refunds
12. September 2017 Profit participation rights at fixed rate is interest under ... In a dispute between Germany and Austria on the right of taxation of payments from registered certificates the ECJ held that such interest should be taxed only in the country of residence of the beneficial owner unless such debt-claims explicitly provide the creditor with a participation in the debtor’s profits. Kategorien: European Court of JusticeSchlagwörter: fixed-term debentures, interest, profit ...
18. Mai 2016 No de minimis exclusion for negative interest deduction for ... The Supreme Tax Court has held that the €100.000 de minimis exclusion from the trade tax add-back for interest applies to positive amounts only. Kategorien: Supreme Tax Court casesSchlagwörter: interest, trade tax, de minimis
13. Januar 2016 Interest on overpayments in breach of community law to run f ... The Supreme Tax Court has held that the interest due to a taxpayer on an overpayment levied in breach of community law runs from the date of the payment, rather than from the date of the suit. Kategorien: Supreme Tax Court casesSchlagwörter: interest, overpayment, interest period
19. Mai 2015 Constitutional Court refuses case against double charge to i ... The Constitutional Court has rejected for lack of prospects for success a case claiming that the future income tax due from the heir on interest earned but not yet due on the date of death of the testator be deducted from the inheritance tax base as a charge on the estate. Kategorien: PwC ReportsSchlagwörter: inheritance tax, interest, double charge
16. Oktober 2014 No forgiveness of interest in view of compensating adjustmen ... The Supreme Tax Court has held that a taxpayer cannot claim forgiveness of the interest due on the tax payment following a transfer pricing adjustment on the grounds that an associated company had no claim for interest receivable on the corresponding adjustment in its home country. Kategorien: Supreme Tax Court casesSchlagwörter: interest, transfer pricing adjustment, f ...
10. Juli 2014 Leasing revenue of bank in VAT fraction to include interest ... The ECJ has held that a decision by the tax office to base the recoverable input tax of a bank on the portion of taxable leasing turnover reflecting the interest only is acceptable if it better reflects the actual use made of the inputs. Kategorien: From EuropeSchlagwörter: interest, input tax, leasing revenue, le ...
12. Februar 2014 Interest on tax refunds taxable The Supreme Tax Court has held that interest received on a tax refund due is taxable income despite the non-deductibility of interest payable on an outstanding liability. Kategorien: Supreme Tax Court casesSchlagwörter: interest, refund claim, tax refunds
04. September 2012 Factoring is not a loan The Supreme Tax Court has held that charges for factoring are fully subject to standard rate VAT as a service, even if an interest element is shown separately on the invoice. Kategorien: Supreme Tax Court casesSchlagwörter: Factoring, interest, loan
12. April 2012 Retroactive taxation of interest on refunds of non-deductibl ... In 2010 the Supreme Tax Court changed its position and ruled that interest on refunds of non-deductible taxes to be tax-free. In the meantime the court has again been invited to decide whether the subsequent retroactive change in law by the German tax administration to restore the old situation is in line with the constitution. Kategorien: Supreme Tax Court casesSchlagwörter: interest, refund, Retroactive taxation, ...
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 casesSchlagwörter: loan interest, interest, foreign currenc ...
12. Mai 2011 Trade tax interest add-back not banned by directive? An ECJ advocated general has suggested the court rule that the German trade tax interest disallowance is not a "withholding tax" banned by the Interest and Royalties Directive. Kategorien: From EuropeSchlagwörter: interest, thin capitalisation, trade tax ...
09. März 2011 Interest of British property LLP taxed in Germany as interes ... The Supreme Tax Court has held that the interest income of a German-owned limited partnership in England is taxable in Germany as interest, and not exempt as trading income. The capital gain on the sale of the property is not exempt as taxable in the UK, merely because of the capital allowance claw-back. Kategorien: Supreme Tax Court casesSchlagwörter: capital gain, interest, property, limite ...
