Protocol to a treaty between Germany and Netherlands signed
The amending protocol, to the Germany - Netherlands Income Tax Treaty (2012) signed on 11 January 2016, which will enter into force on 31 December 2016. The protocol was concluded in the Dutch and German languages, each text having equal
See MoreGermany: Releases draft bill to combat tax avoidance
The German Ministry of Finance released a draft bill on 28 October 2016 about further measures taken to combat tax avoidance. The main important details are summarised below: -The bill provides for the introduction of an EU beneficial ownership
See MoreIMF report comments on the economic position of Germany
On 24 June 2016 the IMF published a report and selected issues paper following the conclusion of consultations with Germany under Article IV of the IMF’s articles of agreement. Germany’s economy has continued its growth momentum with domestic
See MoreGermany: Ministry of Finance introducing CbCR, Master File and Local File
The German Ministry of Finance published a draft bill on 1 June 2016 to incorporate guidance on transfer pricing documentation and country-by-country (CbC) reporting into local legislation. The draft bill required multinationals with consolidated
See MoreIMF report comments on the economic position of Germany
On 9 May 2016 the IMF published a staff report following the completion of consultations with Germany under Article IV of the IMF’s articles of agreement. Economic growth in Germany will continue at a moderate pace in 2016 with strong domestic
See MoreFive European countries to exchange information on beneficial ownership
On 15 April 2016 it was announced that Britain, France, Germany, Italy and Spain have agreed to exchange information on beneficial ownership of companies and of "trusts with tax consequences". The five European countries will explore the best way to
See MoreDTA between Germany and Israel ratified
The Income and Capital Tax Treaty (2014) between Germany and Israel has been ratified by Germany on 20th November 2015, by way of publication in the Official Gazette No. 31 of 26th November 2015. Once in force and effective the new treaty will
See MoreGermany: Ratification of Protocol to OECD Convention on Mutual Administrative Assistance in Tax Matters
Germany deposited its instrument of ratification on 28 August 2015 for the protocol to the OECD Multilateral Convention on Mutual Administrative Assistance in Tax Matters. It is anticipated that the agreement will enter into force on 1 December
See MoreGermany plans to adopt BEPS guidance on transfer pricing documentation and CbC reporting requirement
The German government has announced plans to incorporate guidance on transfer pricing documentation and country-by-country (CbC) reporting) in line with the OECD’s Base Erosion and Profit Shifting (BEPS) project into local legislation. The
See MoreGermany: New regulations approved by German Parliament on the application of the arm’s length principle to profit allocations
New regulations approved by The Upper House of the German Parliament on the application of the arm’s length principle to profit allocations between head office and permanent establishments, which follow the authorized OECD approach (AOA) and is
See MoreGermany approves tax break for electric vehicles purchases as company cars
The Germany Cabinet on December 3, 2014 has approved measures on allowing a tax break for purchasing electric vehicle as company cars. The government of Germany has aimed to have one million electric cars on its roads by 2020 to cut its greenhouse
See MoreCourt decides that the provision of tax treaties between Germany & Russia do not obstruct the application of thin capitalization rules
The Federal Arbitration Court of the Moscow decides that the provision of tax treaties between Germany & Russia do not obstruct the application of thin capitalization rules. The Federal Arbitration Court of the Moscow Circuit (FAC) decided in
See MoreGermany: Receives tax warning from EU on the discriminatory taxation of legacies to foreign charities
Germany receives tax caution from EU on the discriminatory taxation to foreign charities. The European Commission warns Germany to amend the discriminatory taxation of legacies to foreign charities as the commission observes that it creates an
See MoreA tougher penalties on Voluntary Tax Disclosures Rules has been approved by Germany’s Cabinet
Germany's Cabinet approved tougher penalties on voluntary tax disclosures on September 24, 2014. As per the new rules, the maximum amount of outstanding tax that may be voluntarily disclosed without incurring a surcharge will be lowered to EUR25,000
See MoreGerman Fiscal Stimulus Measures has been called for by the ECB official
German Fiscal Stimulus Measures has been called on the German Government by a top European Central Bank (ECB) official and Germany's Deputy Labor Minister to cut taxes on labor. It was argued by ECB Executive Board Member Benoit Coeure and Deputy
See MoreGermany-Israel details of ICTT publishes
The Income and Capital Tax Agreement (2014) between Germany and Israel has published in detail. The treaty was accomplished in the German, Hebrew and English languages and it follows the OECD Model. The maximum 10% withholding rates are applied on
See MoreIsrael-Germany new Income Tax Treaty signed
The new Income Tax Treaty between Germany and Israel has signed on August 21, 2014 that will replace the Germany - Israel Income Tax Treaty (1962), as amended by the 1977 protocol. Further details of the new treaty will be reported
See MoreFATCA between Germany and USA has come into force
It was announced by the German Ministry of Finance that a law enabling the implementation of the United States' Foreign Account Tax Compliance Act (FATCA) has come into force on July 23, 2014. The agreement is a type 1A Inter-Governmental agreement
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