PwC

Tax & Legal

Bundesrat set to approve draft for relief from curtailment of loss utilization


The new law dealing with relief scenarios to allow for a continued utilization of losses, i. e. in cases where the business operation does not change, is now under way and will be finally dealt with by the Bundesrat before year end.

The German government has modified the present curtailment of loss relief on changes of shareholders and has published a respective draft on September 14, 2016. In the meantime the coalition came along with a few amendments/adjustments as a result from requests brought forth by the Bundesrat. The member of the German parliament (Bundestag) – in its session on 1 December 2016 – finally agreed on the amended draft version and the Bundesrat will now have its final vote, scheduled in the course of its committee meeting on 16 December 2016.