25.10.2024 Bundestag adopts Finance Act 2024 Following the recommendation of its Finance Committee, the Bundestag adopted the Finance Act 2024 (FA 2024) in an amended version on 18 October 2024. Categories: Official Pronouncements, LegislationKeywords: RETT, General Tax Code, Income Tax Act, ...
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 ...
05.06.2024 Update: Federal Ministry of Finance publishes draft bill for ... On 17 May 2024, the Federal Ministry of Finance (MoF) sent a draft bill for the Finance Act 2024 (FA 2024) to the professional associations for comments by 24 May 2024. The draft has now also been published on the MoF website. The law is intended to implement changes to various areas of German tax law which need adjustment. The focus is on adjustments required by EU law and case law of the European Court of Justice (ECJ), the German Federal Constitutional Court, and the German Supreme Tax Court. Furthermore, follow-up amendments to previous legislative changes will be made. This blog summarises the key content. - Meanwhile the Federal Cabinet has approved the draft bill (see Update further below at the end of this post). Categories: Official Pronouncements, LegislationKeywords: real estate transfer tax, trade tax, Reo ...
17.11.2023 Online form for filing obligations under the Tax Haven Defen ... An online form enabling the taxpayer to meet his extended duty to cooperate under Section 12 (2) of the Tax Haven Defence Act (in full “Act on Defence against Tax Avoidance and Unfair Tax Competition and amending other laws”) has been published on the homepage Federal Central Tax Office. Categories: Tax & Legal NewsKeywords: General Tax Code, Tax Haven Defence Act, ...
11.11.2022 Bundestag adopts regulations on reporting obligations for di ... On 10 November 2022 the Bundestag approved the bill submitted by the Federal Government to implement Council Directive (EU) 2021/514 of 22 March 2021 amending Directive 2011/16/EU on administrative cooperation in the field of taxation and modernising tax procedural law (20/3436, 20/4228). Categories: LegislationKeywords: DAC 7, tax audit, General Tax Code
11.07.2022 Update: Bundestag lowers interest rate for tax arrears and r ... On Thursday, 23 June 2022, the Bundestag resolved to reduce the interest rate for interest on tax arrears and tax refunds. The resolution was based on the recommendation of the Finance Committee. Categories: LegislationKeywords: tax interest, unconstitutional, General ...
06.02.2020 No correction of incorrect income tax assessment in the even ... The Supreme Tax Court held in its ruling of 10 December 2019 (IX R 23/18) that a final tax assessment can no longer be corrected by the tax office under Section 129 of the German Tax Code (“GTC” - obvious errors while issuing administrative acts) if the incorrect assessment of a capital gain whisch was correctly declared by the taxpayer under 17 of the German Income Tax Act was not based on a mere "mechanical error". Categories: Supreme Tax Court casesKeywords: General Tax Code, assessment procedures, ...
13.07.2017 Country-by-Country Reports: German Ministry of Finance relea ... On 20 December 2016 legislation was passed introducing measures to combat base erosion and profit shifting. A part of this legislation - introduced in the new Section 138a of the General Tax Code - imposed an obligation on multinational enterprises to report annually for each tax jurisdiction in which they do business, so-called Country-by-Country (CbC) reports. Categories: Official PronouncementsKeywords: BEPS, transfer pricing, International Ta ...
