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BREXIT – Customs challenges and complying with rules of origin requirements

Following the end of the Brexit transition period, the United Kingdom (UK) officially ceased to be a part of the EU at the beginning of 2021. While […]

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Plans for the reform of tax legislation in the USA

Shortly after his inauguration, on 20.1.2021, the new President, Joe Biden, started reversing many of his predecessor’s decisions and providing new […]

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Withholding capital gains tax – Plans to simplify procedures

On 20.1.2021, the German Federal Cabinet adopted the draft bill on the Modernisation of Withholding Tax Relief and the Certification of Capital Gains […]

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Tax-free repayment of capital contributions from foreign corporations

A shareholder may generally receive payments free of tax if they originate from the profit distributions of a corporate body and if these payments can […]

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Latest news on input tax deduction for a holding company

A so-called functional holding company or management holding company is deemed to be a business that has to register for VAT if its sole purpose is […]

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Anticipated work-related costs in the case of a semester abroad

In the context of higher education, for the purpose of deducting allowable expenses a distinction is made between undergraduate studies and second […]

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Transformation of the transparency register – Instead of the presumption of notification (Mitteilungsfiktion) there will now be new obligations backed up by fines

In accordance with the EU anti-money laundering directive, the transparency registers of the EU member states have to be interconnected with each […]

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Insolvency – Contesting the sale of a property below value

In the run-up to a looming insolvency, debtors frequently attempt to salvage the available private assets from the clutches of the insolvency […]

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Internet sales – Threshold for classification as a business

Occasional private sales on the internet will usually have no tax consequences. If the internet sales continue to grow, however, there is a risk that […]

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Flat-rate tax on non-cash benefits – The costs for the external setting of a business event have to be included

Business-related benefits for employees that are provided by employers in addition to the remuneration that would in any case be due may be taxed on […]

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Will coronavirus cause the home office to become a permanent establishment?

In view of the global pandemic, in some cases, employees are working exclusively from a home office (HO). If an employee lives in another country then […]

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OECD guidance on the coronavirus implications for transfer pricing

It is essential for businesses that operate internationally to continuously examine the transfer pricing rules. New situations such as, in particular, […]

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Non-financial reporting – Rising importance in the context of sustainable finance

Non-financial reporting is growing in importance in the public perception of annual reporting by companies. The coronavirus pandemic and climate […]

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On the horizon – The modernisation of German partnership law

The revision of German partnership law has been on the political agenda for a long time already. Now, however, the first milestone has been achieved – […]

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Adaptation of rental payments due to COVID-19-induced measures

To mitigate business closures during the pandemic, German lawmakers have decided to bolster the negotiation options of commercial tenants and lessees. […]

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Classification under employment law of crowdworkers in the case of control methods typical for employees

The term crowdworkers refers to workers who take on assignments that are made available to a group of people (crowd). The assignments are generally […]

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Pension provisions – Salary sacrifice arrangements where there is a sole shareholding managing director

The recognition of a pension provision requires a salary sacrifice within the meaning of the Occupational Pensions Improvement Act (Gesetz zur […]

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Corporate advertising on private cars – When do employees (not) have to pay tax on the money they receive?

If employers pay employees to advertise on their private cars then they do not necessarily have to pay tax on the payments they receive. The crucial […]

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Foreign currency transactions – Currency hedging gains may be almost tax-free

Cross-border transactions with companies outside of the eurozone normally have an inherent currency risk. To reduce this currency risk, currency […]

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The 2020 Annual Tax Act – Important changes trelating to various types of tax and the tightening of criminal law for tax offences

On 18.12.2020, the Bundesrat (upper house of the German parliament) approved the 2020 Annual Tax Act. Its aim is to continue to alleviate the burdens […]

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