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The 2020 Annual Tax Act – Important changes to German income tax law

In September, the lower house of the German parliament [Bundestag, BT] had already passed the Draft of the 2020 Annual Tax Act (BT printed matter […]

News

XRechnung format is mandatory when issuing invoices for public sector contracts

Since 27.11.2020, German federal agencies have only been paying invoices issued and submitted electronically in the XRechnung format. At the level of […]

News

Clarification by the Federal Ministry of Finance on the tightening of regulations for intra-Community deliveries

Additional legal requirements for the tax exemption of intra-Community deliveries have had to be complied with already since 1.1.2020. The Federal […]

News

New notice periods for external managing directors could potentially seriously disadvantage them

The Federal Labour Court [Bundesarbeitsgericht, BAG], in a recent ruling, amended the case-law on notice periods for external managing directors. This […]

News

Coronavirus effects for transfer prices – Reviewing and adjustment requirements

Multinational groups of companies have to grapple not just with the challenges of national tax law, but also the effects on their transfer pricing […]

News

Disclosure requirements – Implementing the European Single Electronic Format (ESEF)

From 1.1.2021, companies that have issued securities on an organised market will have to publish their annual financial statements in accordance with […]

News

The GmbH – Bonus inflow in the case of a delay in the approval of the annual financial statements

According to a court ruling, in the case of controlling shareholding managing directors it should be assumed that an inflow of income could be deemed […]

News

Contributions – Blocking period violation in the case of a merger at book value

There are a number of German Reorganisation Tax Act provisions that have to be taken into account in the case of reorganisations. In particular, […]

Blog

What’s new at the end of 2020: Some Covid 19 tax assistance measures are to be extended!

On 1 December 2020, the website of the Federal Ministry of Finance announced the extension of relief measures for taxpayers directly and significantly […]

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Online retailing – Value added tax is going to be restructured

Online retailers and online marketplaces will have to accommodate numerous changes related to VAT from 1.7.2021 at the earliest. These changes are […]

News

Recognition for tax purposes of TSS costs for cash register systems

The planned introduction on 1.1.2020 has already been postponed several times, initially, on account of technical impossibility and, subsequently, […]

News

Gift tax in the case of a partner’s financial settlement that is “below fair value”

Partnership agreements frequently contain provisions that provide for financial settlements for outgoing partners that sometimes fall significantly […]

News

The requirements for reviews by tax courts of add-back estimates

In two sets of legal proceedings, the Federal Fiscal Court (Bundesfinanzhof, BFH) annulled tax court decisions because the reviews of add-back […]

News

Competition law changes for large digital companies and medium-sized enterprises (10th Amendment to the German Act Against Restraints of Competition)

The 10th Amendment to the German Act Against Restraints of Competition (Gesetz gegen Wettbewerbsbeschränkungen, GWB) will subject large digital […]

Blog

New financial support measures due to the federal/federal state resolution of 28.10.2020 to combat the coronavirus pandemic

In order to compensate them for financial losses, the Federal Government will grant extraordinary economic aid for the undertakings, businesses, […]

News

EBITDAC – A new performance indicator in financial reports; its validity is however questionable

Over the course of 2020, most companies have been directly affected by the coronavirus pandemic, particularly during the lockdowns. To record the […]

News

Minimum shareholding – Is beneficial ownership sufficient for tax exemption?

Under applicable business tax law, dividends among corporations remain virtually tax-free. Ultimately, a corporation only has to pay 1.5% in tax on […]

News

Provision of electronic services – Is the principal place of business at home or abroad?

If it is not possible to determine that the recipient of a service operates its business abroad then it should be assumed that the recipient’s […]

News

Place of performance for VAT purposes in the case of hosting services in a data centre

The European Court of Justice (ECJ) recently considered the issue of the VAT treatment of hosting services in a data centre. The issue was whether or […]

News

New definition of the concept of “supply and installation” (Werklieferung)

The distinction between “supply and installation” (Werklieferung) and “installation service” (Werkleistung) frequently leads to discussions […]

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