At a plenary session on 28 April 2021, the EU Parliament formally approved the EU-UK Trade and Cooperation Agreement. The agreement had been provisionally applicable since 1 January 2021 but will now enter into force formally on 1 May 2021. Continue reading
Tax & Legal
On 24 March 2021, the Federal Cabinet approved the German Federal Ministry of Finance’s draft legislation to modernize corporation tax (“Bill to Modernise Corporation Tax Law”). The first reading before the Bundestag is expected on 22 April 2021. Continue reading
The German Federal Ministry of Finance has commented on the changed requirements for intra-community supplies resulting from the Act on Further Tax Incentives for Electromobility and on the Amendment of other Tax Regulations – Finance Act 2019: “FA 2019” – amending the VAT Act Application Ordinance accordingly. Continue reading
The Federal Ministry of Finance has sent the draft of a Ministry circular on the application of Section 8d of the Corporation Tax Act (CTA) – continuance-bound loss carry-forward after loss forfeiture – to the professional associations for comment. Continue reading
At a Federal Press Conference on 6 July 2020, the Ministry of Finance in Berlin made the surprise announcement that, following a decision of the Minister of Finance, Germany will not be exercising the option given in the recent EU Directive to extend the reporting deadlines for DAC 6. Continue reading
The Bundestag has passed the second Corona Tax Assistance Act. The Bundesrat has also given its approval.
On Monday, June 29, 2020, the Bundestag approved the bill of the coalition factions for a second Corona-
Tax Assistance Act as amended by the Finance Committee of the Bundestag. Continue reading
The German Federal Cabinet has released the draft bill on the crisis management package aimed at mitigating the economic impact of the COVID 19 pandemic. The bill is due to have its first reading at the Bundestag on 19 June 2020, with the 2nd /3rd readings and the final decision of the Bundesrat expected on 29 June 2020. On this timetable the publication in the Federal Law Gazette should occur on 30 June 2020, with the law becoming effective on 1 July 2020. Continue reading
In the night of 3-4 June, coalition partners CDU/CSU and SPD agreed on a crisis management package to mitigate the economic impact of the COVID 19 pandemic. Continue reading
At its meeting on 6 May 2020, the Federal Cabinet adopted the Corona Tax Assistance Bill, which – with the exception of editorial changes – essentially corresponds to the Federal Ministry of Finance’s original formulation. The only change worth noting here is an addition to the explanatory memorandum on the tax exemption on subventions by employers to reduced hours compensation payments and seasonal reduced hours compensation payments vis-à-vis corrections to salary withholding tax deducted prior to the Act taking effect. Continue reading
This article is intended to provide an overview of the current measures taken in connection with the spread of the coronavirus, particularly in tax law.
A: Material on tax measures in Germany;
B: Measures in other areas in Germany;
C: Measures at European level.
D: Measures worldwide Continue reading