Categories: Tax & Legal News (84 found)

  1. 17.04.2025

    No constitutional concerns regarding late-payment penalties ...

    In a most recent decision in relation to a request to suspend a tax payment, the Supreme Tax Court confirmed the constitutionality of the rate of the late- payment penalties because of the rise in interest rates that began with the start of the war in Ukraine. According to the Court, at least since March 2022, there are no longer any serious doubts about the constitutionality of the statutory regulation on the amount of late-payment surcharges.

    Categories: Supreme Tax Court cases, Tax & Legal New ...
    Keywords: tax interest, penalty surcharge
  3. 01.07.2024

    Constitutionality of the loss set-off restriction for forwar ...

    In the summary review required during suspension proceedings under Section 69 (3) of the German Tax Court Code, the loss set-off restriction for forward transactions/futures under Section 20 (6) Sentence 5 of the German Income Tax Act (ITA) in the version of the Finance Act 2020 of 21 December 2020 (Federal Law Gazette I 2020, 3096) is incompatible with Article 3 (1) of the German Constitution. This was decided by the Supreme Tax Court in a ruling published on 27 June 2024.

    Categories: Supreme Tax Court cases, Tax & Legal New ...
    Keywords: Futures, losses, loss curtailment, Incom ...
  4. 21.06.2024

    Federal Social Court unexpectedly rules in favour of the obl ...

    In a recent judgement, the Federal Social Court confirmed the German Pension Insurance of Oldenburg-Bremen’s opinion and thus overturned the decisions of the lower courts. At the heart of the case was the question of whether expenses for an office anniversary celebration, which amounted to more than EUR 110 per employee and was only subjected to flat-rate taxation on a date well after the pay slip was issued, were subject to social security contributions.

    Categories: Tax & Legal News
    Keywords: social security, lump sum, social securi ...
  6. 07.06.2024

    Federal Cabinet approves government draft of the Finance Act ...

    At its meeting on 5 June 2024, the Federal Cabinet adopted a government draft for the Finance Act 2024 (FA 2024). Despite numerous revisions, the material amendments from the original draft from 8 May 2024 have been limited. The main changes are shown in italics and red in the following summary of the government draft in italics and red.

    Categories: Official Pronouncements, Tax & Legal New ...
    Keywords: Real Estate, trade tax, General Tax Code ...
  11. 08.01.2024

    Financing for the Future Act introduces SPACs into German la ...

    On 14 December 2023, the Financing for the Future Act (Zukunftsfinanzierungsgesetz, ZuFinG) entered into force. The law contains numerous new features and changes to German stock corporation law, such as the (re-)introduction of dual-class shares and crypto share (for details, see our blog of 8 December 2023). Importantly, the ZuFinG also introduces the so-called "Börsenmantelaktiengesellschaft", which brings in the model of Special Purpose Acquisition Companies (SPACs) into German law.

    Categories: Tax & Legal News, Legislation
    Keywords: Public Companies Act
  16. 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 ...
  20. 12.07.2023

    Ministry of Finance publishes draft bill on the implementati ...

    On Monday, 10 July 2023, the Federal Ministry of Finance sent the draft bill for the implementation of the Directive to ensure a global minimum level of taxation for multinational enterprise groups and large domestic groups in the Union (so-called Minimum Taxation Directive Implementation Act – “Implementation Bill”) to the associations with the request for comment by 21 July 2023.

    Categories: Tax & Legal News, Legislation
    Keywords: Pillar Two, minimum taxation, EU-Directi ...
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Björn Viebrock

Björn Viebrock

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