The German Ministry of Finance issued an updated version of the Application Decree on the General Tax Code on 5 April 2019. The updated version provides for guidance on the application of section 138a of the General Tax Code (GTC) by the tax authorities.
The updated version simplifies that the obligation of the affected domestic group company pursuant to section 138a (4) of the GTC to submit a CbC report applies only if the company concerned has its registered office or administrative seat in Germany and specified conditions is fulfilled.
