Categories: Official Pronouncements (252 found)

  3. 16.02.2024

    Federal States Supreme Tax Authorities Identical Decrees: Ap ...

    In identical decrees issued by the Supreme Tax Authorities of the Federal States, the tax authorities comment upon the judgment of the Supreme Tax Court of 26 July 2022 (II R 25/20) and upon the underlying view that the option relief under Section 13a (10) Inheritance Tax and Gift Tax Act (or Section 13a (8) IHTA old version) can be exercised separately for each economic unit transferred. This applies to all open cases.

    Categories: Official Pronouncements
    Keywords: family business, inheritance and gift ta ...
  4. 15.12.2023

    Bundesrat approves a partial implementation of the Growth Op ...

    On 15 December 2023, the Bundesrat approved the partial implementation of the contents of the Growth Opportunities Act in the Act to Promote the Secondary Credit Market. This includes changes to the interest limitation rule and adjustments resulting from the introduction of the Act for the Modernisation of Partnerships.

    Categories: Official Pronouncements, Legislation
    Keywords: real estate transfer tax, thin capitalis ...
  5. 21.11.2023

    Bundestag approves Growth Opportunities Act

    On 17 November 2023, the Bundestag approved the Act to Strengthen Growth Opportunities, Investment, and Innovation as well as Tax Simplification and Fairness (Growth Opportunities Act) in the form recommended by its Finance Committee. The Act will be presented to the Bundesrat on 24 November 2023. It cannot currently be ruled out that the Bundesrat will convene the Mediation Committee to discuss individual provisions of the Act (the climate protection investment premium, in particular, will probably be discussed).

    Categories: Official Pronouncements, Tax & Legal New ...
    Keywords: Corporation tax, Income Tax Act, Growth ...
  6. 17.11.2023

    Allocation of trade tax in case of large battery storage sys ...

    On 13 November 2023, the German Federal Ministry of Finance (MoF) published identical decrees issued by the highest tax authorities of the German Federal States on the allocation of trade tax between municipalities in case of large-scale battery storage systems for storing wind and solar energy (according to the provisions set forth in Section 29 Trade Tax Act).

    Categories: Official Pronouncements
    Keywords: trade tax, renewable energy
  8. 07.11.2023

    Joint decrees: Attribution of real estate for the supplement ...

    On 16 October 2023, the long-awaited joint decrees (issued by the Supreme Tax Authorities of the Federal States) on the attribution of real estate for the purposes of the taxation of share deals (Section 1 (2a) to (3a) RETTA) became available. These adopt the previous case law of the Supreme Tax Court from 1 January 2021 (II R 44/18) and 14 December 2022 (II R 40/20) and illustrate the legal opinion with examples.

    Categories: Official Pronouncements
    Keywords: Real Estate, real estate transfer tax, R ...
  10. 22.09.2023

    TP Perspectives: New "Administrative Principles Transfer Pri ...

    On 6 June 2023, the Federal Ministry of Finance published its new principles for the correction of income pursuant to Section 1 External Tax Relations Act on its website. These are to be applied to all open cases with immediate effect. Only the chapter on relocation of functions is applicable to cases that are realised after 31 December 2021.

    Categories: Official Pronouncements, Transfer pricin ...
    Keywords: transfer pricing adjustment, Federal Min ...
  11. 29.08.2023

    Ministry of Finance: Tax treatment of profit participation r ...

    On 1 February 2022 the Federal Ministry of Finance (MoF) has sent the draft of a Ministry circular on the income tax treatment of profit participation rights (PPR) to the professional associations for comment. Following the results of the joint meeting of the heads of the corporate and personal income tax departments of the highest tax authorities of the federal states the MoF has published the final version of its circular on 12 April 2023.

    Categories: Official Pronouncements
    Keywords: profit participating right
  15. 12.01.2023

    Applications for reimbursement of suppliers for advance paym ...

    Natural gas suppliers and heat suppliers as well as self-suppliers can now apply for adjustment of advance payments for the relief introduced with the gas and heat price brake. The access link to the online application portal for suppliers and other important information on the gas and heat price brake has been made available by the authorities.

    Categories: Official Pronouncements
    Keywords: gas levy, energy costs, gas price brake
  19. 06.10.2022

    Finance Ministry promises relief for increased energy costs ...

    The Federal Ministry of Finance (MoF), in conjunction with the supreme tax authorities of the Federal States, issued a decree according to which the tax offices are to use the tools available to them under the statutes in the interests of those taxpayers who are significantly affected by the increase in energy costs because of the war of aggression of Russia against Ukraine.

    Categories: Official Pronouncements
    Keywords: energy costs
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Björn Viebrock

Björn Viebrock

Partner
Düsseldorf

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