Tax & Legal

Categories: All (3 found)

1. 08.05.2024

   Income tax reduction due to inheritance tax charge only with ...

   According to a decision of the Supreme Tax Court, the 5-year preferential period in Section 35b sentence 1 of the German Income Tax Act starts at the time the inheritance tax arises, which is generally upon the death of the testator. This also applies if it was not possible to claim the tax reduction in due time by reasons for which the taxpayer could not be held responsible.

   Categories: Supreme Tax Court cases

   Keywords: inheritance tax, preferential taxation
2. 20.02.2024

   Update: Extended limited tax liability if income is subject ...

   A taxpayer resident in the U.K. who exercises his right under U.K. tax law  to pay tax on income not earned in the U.K. on a "remittance basis" is caught by the preferential taxation regime of Sec. 2 (2) No. 2 Foreign Tax Act and subject to extended limited tax liability in Germany.

   Categories: Tax Court

   Keywords: preferential taxation, extended limited ...
3. 12.08.2015

   Regular remuneration can qualify for multi-year preference

   The Supreme Tax Court has held that remuneration paid in a single sum for a fourteen-month period can qualify for preferential treatment as remuneration paid for more than one year.

   Categories: Supreme Tax Court cases

   Keywords: multi-year, unusual income, preferential ...