The Bundesrat has passed a bill to charge dividend income on investments of less than 10% to corporation tax. Continue reading
Tax & Legal
A partial compromise was reached by a mediation committee of the two chambers of Parliament leading to a modified Bill for the Revision and Simplification of Corporate Taxation and of the Tax Law on Travel Cost and to acceptance of a modest increase in the basic personal allowance for income tax. The Bundestag has now passed both bills and forwarded them to the Bundesrat for confirmation at its next session, due to be held on February 1, 2013. Continue reading
The Constitutional Court has allowed a tax change retrospective to the date on which the suggestion for its enactment was announced. Continue reading
France, Germany, Italy, Spain, the UK and the USA have prepared a model bilateral treaty for the mutual exchange of information on bank accounts held by residents of the other country. Compliance with the treaty would absolve financial institutions from their own specific US reporting requirements under FATCA. Continue reading
The cabinet resolved an annual tax bill 2013 on May 23, 2012 with many editorial and similar changes of formality. Mostly, the changes are necessary to update the references to the latest EU provisions and to reflect recently decided ECJ and Supreme Tax Court cases. Changes of substance are: Continue reading
Three minor tax changes were enacted in an amending statute of May 8. Continue reading
The cabinet has resolved a bill to be laid before Parliament in order to enact the recently revised treaty with Switzerland to legalise the position of German tax evaders without revealing their identity.
A revised double tax treaty has been signed with Luxembourg reflecting the current version of the OECD model.
A revised double tax treaty has been signed with the Netherlands reflecting the current version of the OECD model.
The act transposing the EU mutual assistance directive on tax collection introduces a number of rotine statutory changes and thus serves as an annual tax act.