Schlagwörter: tax refunds (3 gefunden)

1. 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, Legislation

   Schlagwörter: interest, tax arrears, tax refunds
2. 30. September 2021

   Statutory interest rate unconstitutional: Ministerial circul ...

   The Federal Finance Ministry has issued a circular on the implementation of the decision of the Federal Constitutional Court of July 8, 2021 regarding the inappropriate statutory interest rate on late payment and refund taxes. The ministerial notice will have to be applied for the transitional period until retroactive new provisions on the interest rate pursuant to sections 233a, 238 (1) sentence 1 of the German Fiscal Code (AO) for interest periods starting on or after January 1, 2019 are in place.

   Kategorien: Official Pronouncements

   Schlagwörter: statutory interest rate, late payment in ...
3. 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 cases

   Schlagwörter: interest, refund claim, tax refunds