Categories: PwC Reports (60 found)

  3. 09.05.2023

    Transparency register as “comprehensive register” and extend ...

    With effect from 1 August 2021, the transparency register was changed from a fall-back register to a comprehensive register. With the conversion to the comprehensive register, almost all domestic companies are now obliged to report their (fictitious) beneficial owners to the transparency register. The transitional periods for the notification of the (fictitious) beneficial owners granted in the course of the conversion have all expired by the end of 2022.

    Categories: PwC Reports
    Keywords: Transparency Register
  7. 18.10.2021

    Germany: Social Democrats, Greens and Liberals ready to star ...

    On 15 October 2021, the leaders of Germany's Social Democrats (SPD), climate-friendly Greens and pro-business Free Democrats (FDP) presented their initial exploratory paper which also includes several tax issues. Tax increases are to be largely avoided, no tax cuts are planned. However, the issues addressed so far may still be subject to changes during future coalition negotiations and it should be expected that further topics might yet be brought up. Thus it is still a long way down the road until a joint coalition agreement can be signed since there are still several tricky questions remaining which will have to be brought in line by the acting team players and their political parties.

    Categories: PwC Reports
    Keywords: coalition negotiations
  9. 11.01.2021

    Review of profit and loss pooling agreements concluded prior ...

    An amendment to a statutory law which was passed by the Bundestag and Bundesrat in December 2020, entered into force on 1 January 2021, requires a review of those profit and loss pooling agreements concluded and last amended before 27 February 2013. This pertains to profit and loss pooling agreements (PLPA) for tax groups (“Organschaft”) with a GmbH as controlled subsidiary and which do not (yet) contain an explicit and unconditional reference to Section 302 of the German Stock Corporation Act (GSCA) which includes future changes of the provision (so-called “dynamic reference”).

    Categories: PwC Reports
    Keywords: Organschaft, profit and loss transfer ag ...
  14. 21.03.2017

    The long and winding road: Trade Facilitation Agreement now ...

    A successful conclusion of a long negotiating process: The TFA, short for Trade Facilitation Agreement, entered into force on 22 February 2017 and brings along a number of improvements mainly in trading with developing countries. It is hailed as the greatest success since the founding of the WTO, the World Trade Organization, and shows the commitment of the members for a multilateral trading System.

    Categories: PwC Reports
    Keywords: Trade Facilitation Agreement
  15. 16.03.2017

    Federal cabinet approves new rules as part of the fight agai ...

    On 22 February 2017 the federal government approved a draft bill to implement both the fourth EU money laundering directive and the EU regulation on the transfer of funds as well as to reorganise the Central Financial Transactions Investigation Agency. The intention is to up-date and strengthen measures developed to prevent money laundering and the financing of terrorism.

    Categories: PwC Reports, Legislation
    Keywords: Anti money laundering (AML), Internation ...
  16. 14.03.2017

    Plans to restrict the deduction of royalty expenses to comba ...

    On 25 January 2017 the federal government approved a draft of the Act to Combat Harmful Tax Practices in connection with the Licensing of Rights. The intention is to prevent multinational businesses from transferring their royalty income to countries, which offer such income preferential treatment. Such preferential tax regimes (so-called Licence Boxes, Patent Boxes or IP-Boxes) are considered not to meet the demands of the OECD and G20 BEPS Project. A new provision is to be introduced to the Income Tax Act (ITA) for this purpose; the new provision should be applied to expenses arising after 31 December 2017.

    Categories: PwC Reports
    Keywords: royalties, licence box, IP-Boxes, Patent ...
  18. 13.01.2017

    Amendment of tax loss utilisation rules for corporations

    Under certain conditions, changes in shareholders and the admission of new investors will in future be possible without giving rise to a forfeiture of losses carried-forward. On 23 December 2016 the Act for the Further Development of Tax Loss Utilisation for Corporations was published after having been adopted by the German Parliament (Bundestag and Bundesrat) on 20 December 2016.

    Categories: PwC Reports, Legislation
    Keywords: Corporation tax, curtailment of losses, ...
  19. 23.12.2016

    German Government adopts bill to combat tax avoidance.

    On 21 December the German government adopted a bill to combat tax avoidance and to change certain other tax provisions. The Government’s main intention is to make it more difficult for German taxpayers to avoid tax by using letter-box companies. In addition to numerous provisions imposing obligations on the taxpayer to co-operate with the tax authorities, the bill abolishes the bank secrecy rules.

    Categories: PwC Reports, Legislation
    Keywords: Act to Combat Tax Avoidance, Letter-Box ...
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Björn Viebrock

Björn Viebrock

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