OECD: Czech Republic, Hungary, Germany sign agreement to share digital platform income information
The Organisation for Economic Co-operation and Development (OECD) has announced that the Czech Republic, Germany, and Hungary have signed the Multilateral Competent Authority Agreement on the Automatic Exchange of Information on Income Earned
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Germany: Fourth Bureaucracy Relief Act updates transfer pricing documentation requirements
The Fourth Bureaucracy Relief Act, which goes into effect on 1 January 2025, brings major updates to transfer pricing documentation requirements in Germany. This latest amendment brings the following changes: Transfer pricing documentation
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Germany approves Annual Tax Act 2024, introduces VAT amendments for small enterprises
Germany’s Federal Council (Bundesrat), or the upper house of parliament, has approved the Annual Tax Act 2024 on 22 November 2024. This Act includes various tax amendments, particularly VAT exemptions thresholds for small businesses among
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Kyrgyzstan approves protocol to amend 2005 tax treaty with Germany
The Cabinet of Ministers of Kyrgyzstan has granted the Minister of Economy and Commerce the authority to sign a protocol amending the 2005 income and capital tax treaty with Germany on 13 November 2024. A tax treaty is a bilateral agreement
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Germany: MoF publishes draft bill revising participating jurisdictions for MCAA-CbC exchange
The German Ministry of Finance (MoF) issued a draft bill proposing updates to the list of jurisdictions participating in the Multilateral Competent Authority Agreement (MCAA) for the exchange of country-by-country (CbC) reports on 14 November 2024.
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Germany consults draft bill to implement DAC 8
The German Ministry of Finance announced a public consultation regarding the implementation of Council Directive (EU) 2023/2226, which amends Directive 2011/16/EU on administrative cooperation in the field of taxation (DAC 8). The draft bill was
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Germany gazettes Fourth Bureaucracy Relief Act to ease VAT obligations
Germany’s parliament enacted the Fourth Bureaucracy Reduction Act, published it in the Official Gazette 29 October 2024, with the aim to shorten document retention periods and simplify various VAT-related obligations. One key aspect of the Act
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Andorra and Germany to initiate income tax treaty negotiation
As stated in a release from the Andorran government officials from Andorra and Germany are set to begin the first round of negotiations for an income tax treaty in November 2024. The Head of Government, Xavier Espot, the Minister of Foreign
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Germany: Lower House of Parliament passes Annual Tax Act 2024
Germany’s Lower House of Parliament of Germany (Bundestag) passed the Annual Tax Act 2024 on 18 October 2024. The Bundestag has implemented 59 changes to the draft law based on the Finance Committee's recommendation. The Annual Tax Act 2024
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Germany publishes final guidance on mandatory e-invoicing
The German Ministry of Finance has published the final guidance on mandatory e-invoicing on 15 October 2024. The principles of the guidance are to be applied to all sales made after 31 December 2024. As established by the Growth Opportunities
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Montenegro, Germany initiate tax treaty negotiations
First round of discussions regarding an income and capital tax treaty between Germany and Montenegro concluded in Podgorica from 7 to 11 October 2024. The announcement was made by the government of Montenegro on 14 October 2024. If an
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Germany issues Notification Form for minimum tax group under Pillar Two rules
The German Federal Ministry of Finance released a notification form for the parent entity of German minimum tax groups subject to the Pillar Two global minimum tax rules on 17 October 2024. The notification for the parent entity of the minimum
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Germany updates Non-Cooperative Tax Jurisdictions List
The Ministry of Finance released a draft bill on 10 October 2024 of an updated decree listing states and territories considered non-cooperative in tackling tax avoidance and unfair tax competition. The list is important in domestic law that
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Germany passes Fourth Bureaucracy Relief Act, cuts accounting document retention and updates transfer pricing rules
Germany’s Federal Council (Bundesrat) passed the Fourth Bureaucracy Relief Act on 18 October 2024 following its approval by the Bundestag (lower house of parliament) on 26 September 2024. One key aspect of the Act is that it reduces
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European Commission ends infringement case against Germany, Hungary over DAC7 information exchange
The European Commission has announced the conclusion of the infringement procedure against Germany and Hungary for their failure to comply with the obligation to automatically exchange information as mandated by the Amending Directive to the 2011
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Germany seeks to extend deadline for transfer pricing documentation reporting, reduce bureaucratic burden on taxpayers
Germany’s government has proposed to extend the deadline for taxpayers to submit detailed transfer pricing documentation, and to revise the guidelines for how companies compile information for audits. Germany's first chamber approved a bill
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Germany: Tax revenue grows 5.3% in August
Germany's federal and state governments' tax revenue rose 5.3% in August when compared to the same month last year, said the finance ministry on Friday, 20 September 2024. According to the ministry's monthly report, tax revenue collected by
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Germany, Latvia: Amending protocol to tax treaty enters into force
The updated protocol to the Germany-Latvia income and capital tax treaty came into effect on 23 June 2024, as reported by the Latvian online legal information database. The protocol, signed in Riga on 29 September 2022, will apply from 1 January
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