Germany 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
See MoreGerman Government has refused for a reform of the income tax system to eliminate “cold progression”
The German Government has refused calls for a reform of the income tax system to eliminate so-called "cold progression" before 2017. Cold progression, also known as bracket creep, occurs when inflationary wage increases push taxpayers into higher
See MoreUS imposes tariffs on Grain-Oriented Electrical Steel From Germany, Japan, and Poland
The International Trade Administration (ITA) of the US Department of Commerce (DOC) has issued its affirmative final determinations on July 17, in the antidumping duty (AD) investigations of imports of grain-oriented electrical steel (GOES) from
See MoreGermany: To focus on tax reforms in G7
As per German media report of 29 June 2014, Germany wants to focus on tax reform after taking over the presidency of the Group of Seven (G7) next week. Germany emphasized the need for sound public finances to achieve effective growth in the G7
See MoreGermany: Setting up a special unit within the tax investigation department to protect fiscal crime
A special unit has been set up by the German federal state of Baden-Württemberg within its tax investigation department to protect fiscal crime at federal level. The unit will involve carrying out investigation to trace tax evasion strategies and
See MoreGermany: OECD Report Suggests Lower Labor Taxes
The Organisation for Economic Co-operation and Development (OECD) has stressed the need for Germany to implement economic reforms to achieve sustainable growth. The priorities include making the tax system more equitable and environmentally
See MoreGerman Transition to Electronic Payroll Tax Platform Successful
The introduction of an electronic income tax tracking system, ELStAM, has been carried out without any problems, as is shown by the figures to 7 April 2014. This new system has been introduced to deal with tax on wages and more than two million
See MoreGerman States Agree Tougher Tax Regularization Rules
German federal state finance ministers have discussed improvements to the tax system and have decided on action to strengthen the “declaration of non-compliance” that permits residents to regularize their tax affairs without the possibility of
See MoreGerman Bill Revises Energy Tax Concessions for Industry
The Cabinet has given the go-ahead to a Bill to amend the provisions of the renewable energy law. This ensures that the tax concessions given to energy intensive companies are not contrary to EU law, while preserving the competitive nature of energy
See MoreGermany: Draft guidance amending corporate tax loss limitation rules
Germany has issued draft guidance to replace prior advice on the corporate tax loss limitation rules. The current guidance was issued in 2008 and although there have not been any changes to the basic provisions in this area the new guidance aims to
See MoreGermany strengthens VAT penalties
Germany is to impose stronger value added tax (VAT) penalties in relation to cases where the taxpayer has voluntarily disclosed incorrect amounts on the return. Companies detecting and correcting errors in their VAT returns has tended to be treated
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