Germany: MOF issues updated draft guidance on virtual currency transactions

March 15, 2024

On 6 March 2024, the German Ministry of Finance (MOF) released revised draft guidance concerning the compliance and documentation criteria for transactions involving virtual currency and tokens. This comes after the issuance of a final decree in May

See More

Germany: Tax authority publishes list of jurisdictions for automatic exchange of financial account information

March 14, 2024

On 1 March 2023, the German Federal Central Tax Office released the preliminary list of jurisdictions participating in the exchange of financial account information according to the Common Reporting Standard (CRS) for the year 2024, pertaining to

See More

Germany: MoF issues updated guidelines on permanent establishment criteria and remote work

February 28, 2024

On 5 February 2024, the German Ministry of Finance (MoF) issued revised instructions concerning the criteria for a permanent establishment (PE), as commonly outlined in section 12 of the General Tax Code for the purposes of domestic tax law.

See More

Germany: Tax authority extends time limit for DAC7 reporting

January 30, 2024

On 5 January 2024, the German Federal Tax Office declared temporary regulations regarding the reporting requirements outlined in DAC7 for the 2023 reporting cycle, extending the initial deadline until 31 March 2024. DAC7 is designed to tackle

See More

Germany gazettes law applying Pillar 2 global minimum tax rules

December 30, 2023

On 27 December 2023, the German Official Gazette released a law enacting EU Council Directive 2022/2523, which aims to establish a global minimum level of taxation for multinational enterprise (MNE) groups and large domestic groups within the

See More

Germany updates tax haven defense ordinance: Adds and removes jurisdictions in response to EU decision

December 25, 2023

On 20 December 2023, Germany issued the Ordinance, amending the Tax Haven Defense Ordinance, as published in the Official Gazette. The Tax Haven Defense Ordinance plays a critical role in identifying jurisdictions considered non-cooperative under

See More

Germany: Bundesrat approves secondary credit market promotion Act

December 25, 2023

On 14 December 2023, upper house of parliament (Bundesrat) granted approval to the Secondary Credit Market Promotion Act. The Act had already received approval from the German Bundestag (lower house of parliament) on 13 December 2023 and is

See More

Germany: MOF issues draft guidance on anti-tax avoidance measures

December 07, 2023

On 30 November 2023, the German Ministry of Finance (MoF) issued draft guidance on anti-tax avoidance measures targeting non-cooperative jurisdictions. This follows the 2021 Tax Haven Defense Act, responding to EU guidelines against harmful tax

See More

Germany: Bundesrat refused to approve draft business tax reform bill

November 30, 2023

On 24 November 2023, the upper house of the German parliament (Bundesrat) declined approval of the "Growth Opportunity Act," a business tax reform bill previously sanctioned by the lower house on 17 November 2023. Instead, the upper house referred

See More

Germany: Bundestag approves draft business tax reform bill

November 23, 2023

On 17 November 2023, the German lower house parliament (Bundestag) passed a bill that seeks to promote economic expansion, stimulate investment, and make the tax system more user-friendly and equitable. Some of the key provisions of the bill

See More

Germany: Parliament approves draft bill to implement Pillar 2 global minimum tax

November 15, 2023

On 10 November 2023, the lower house of parliament (Bundestag) approved legislation to implement EU Council Directive 2022/2523, which aims to establish a global minimum tax rate and introduce other accompanying measures as outlined in resolution

See More

Germany: Government releases revised draft bill on corporate tax reform

September 10, 2023

On 30 August 2023, the German government released a revised version of the Growth Opportunities Act, originally proposed by the German Ministry of Finance in mid-July. This release marks the commencement of the formal legislative procedure with

See More

Germany: Government approves draft law to implement EU Pillar 2 directive

August 25, 2023

On 16 August 2023, the German government approved a proposed bill concerning the adoption of Council Directive (EU) 2022/2523, which aims to establish a universal minimum taxation standard for multinational enterprise (MNE) groups and sizeable

See More

Germany: BMF publishes draft guidance on CFC legislation

August 10, 2023

On 20 July 2023, the Federal Ministry of Finance (BMF) issued draft guidance concerning the implementation of the Foreign Transactions Tax Act (FTTA), specifically addressing the taxation aspects related to controlled foreign corporations (CFCs).

See More

Germany released new draft guidance on anti-hybrid rules

July 25, 2023

On 14 July 2023, the German Ministry of Finance has released a draft decree outlining the application of the country's anti-hybrid rules, established in 2021 under the European Union (EU) Anti-Tax Avoidance Directive (ATAD) implementation Law. These

See More

Germany: MoF releases a revised draft bill on global minimum tax

July 21, 2023

On 10 July 2023, the German Ministry of Finance (MoF) released a revised draft bill, building on the initial discussion draft from 20 March 2023. significant changes include the introduction of a top-up tax compensation system within the minimum tax

See More

Germany: MoF releases draft bill on corporate tax reform

July 20, 2023

On 14 July 2023, the German Ministry of Finance (MoF) has released a draft bill known as the "Growth Opportunities Act." If passed, this act would mark Germany's most significant corporate tax reform since 2008. Key elements of the draft bill

See More

Germany passes law for public Country-by-Country reporting

July 05, 2023

On 21 June 2023, Germany released the Law introducing Public Country-by-Country (CbC) reporting. This legislation is in accordance with Directive (EU) 2021/2101 and is applicable to multinational and high-revenue companies, whether related or

See More