03.12.2024 No right to estimate the withdrawal of non-food items by ret ... An additional estimate by the tax office because of a breach of record-keeping obligations is not possible if the taxpayer (a sole trader in the food and non-food sector) was relying on the simplified record-keeping procedure granted to him by the Federal Ministry of Finance. The main issue in the case of dispute was whether the ministerial circular to that effect covers not only food but also non-food items. Categories: Supreme Tax Court casesKeywords: records, bookkeeping
04.12.2019 New Finance Ministry circular on standards for the proper ke ... On 28 November 2019 the Federal Ministry of Finance (MoF) issued a revised circular on standards for the proper keeping and storage of books, records and documents in electronic form and for data access (here “GoBD”) - ( IV A 4 - S 0316/19/10003 :001 (2019/0962810). Categories: Official PronouncementsKeywords: digital data, bookkeeping
18.05.2011 Rental income of foreign residents The finance ministry has issued an explanatory decree for foreign businesses following a change in the law reclassifying their income from German property from rental to trading income. Categories: Official PronouncementsKeywords: rental income, foreign residents, bookke ...
