Das Bundesministerium für Finanzen (BMF) hat einen Diskussionsentwurf für ein Gesetz zur Novellierung des Grunderwerbsteuergesetzes erarbeitet. Besondere Bedeutung erhält dieser Entwurf für Share-Deal-Konstellationen. Einer...more
The German Federal Ministry of Finance has published a discussion draft regarding the amendment of the real estate transfer tax (“discussion draft”), which is especially important with respect to share deals. One of the main...more
Mitarbeiterbeteiligungsprogramme gehören seit vielen Jahren zu den unternehmerischen Maßnahmen zur Gewinnung und Förderung von Mitarbeitern. Je nach Ausgestaltung des Beteiligungsprogramms kann die Gewährung von Anteilen im...more
The taxation of share schemes (“Mitarbeiterbeteiligungsprogramme”) as an instrument for recruitment and development of employees is, in part, regarded as problematic in Germany. Depending on the structure of the share scheme,...more
With two most recently published decisions the German Federal Fiscal Court (“Bundesfinanzhof, BFH”) has confirmed and somehow clarified his opinion on the attribution of real estate properties for Real Estate Transfer Tax...more
The German Federal Ministry of Finance circulated a first discussion draft of the implementation of the OECD-Guidelines for global minimum taxation, after the European Union therefore had published a Directive (Directive (EU)...more
The German Federal Fiscal Court (BFH, Urteil vom 14. Februar 2023 – IX R 3/22) confirms the opinion of the fiscal court of Cologne that sales profits from cryptocurrencies are taxable. The court decided that cryptocurrencies...more
Under the German Corporate Income Tax Act (Sec. 32 para. 1 no. 2 German Corporate Income Tax Act, KStG), in the case of dividend payments, non-EU pension funds—unlike local pension funds—do not have the right to claim a...more
Today, two weeks after the German Federal Parliament (“Bundestag”), the German Federal Council (“Bundesrat”) also passed the 2022 Tax Amendment Act (Jahressteuergesetz 2022)....more
Just 10 years ago, only your millennial, techie cousin had ever heard of, let alone purchased, any cryptocurrency. Fast forward to 2021, and the volume of cryptocurrency transactions has grown to $15.8 trillion....more
10/6/2022
/ Bitcoin ,
Blockchain ,
Common Reporting Standard (CRS) ,
Cryptocurrency ,
Digital Assets ,
Ethereum ,
FATCA ,
FIFO ,
Foreign Financial Institutions (FFI) ,
Internal Revenue Code (IRC) ,
IRS ,
OECD ,
Popular ,
Reporting Requirements ,
Virtual Currency
After a year of wrangling, the German Federal Ministry of Finance (BMF) has finally published explanations on how virtual currencies (e.g., Bitcoin, Ether, Litecoin and Co.) and other tokens (hereinafter: cryptocurrencies)...more
5/18/2022
/ Asset Management ,
Bitcoin ,
Bitcoin Mining ,
Cryptocurrency ,
Digital Assets ,
Germany ,
Investors ,
Ministry of Finance ,
Non-Fungible Tokens (NFTs) ,
Popular ,
Stablecoins ,
Taxable Income ,
Taxation
Nach einjährigem Ringen hat das Bundesministerium der Finanzen (BMF) nun endlich Ausführungen dazu veröffentlicht, wie virtuelle Währungen (z. B. Bitcoin, Ether, Litecoin und Co.) und sonstige Tokens (nachfolgend:...more
On April 21, 2021, the German federal parliament passed a new law that amends the German Real Estate Transfer Tax (RETT) Act. The new rules will lead to a significant tightening of the taxation of share deals whenever real...more
Der Gesetzesentwurf zur Änderung der Besteuerung von Share Deals bei grundstückshaltenden Gesellschaften lag einige Zeit auf Eis, sprachen doch gute Gründe dafür, die gegenwärtige Regelung beizubehalten.
Zum Ende der...more
With the Annual Tax Act 2020 passed by the Bundestag yesterday, the legislature took a big step towards non-profit organizations (hereinafter referred to as "NPOs"). Finally, new regulations have been created in non-profit...more
In a decree published November 6, 2020, the German tax authorities confirmed their view that transactions between non-German parties (e.g., between two U.S. companies) are generally taxable in Germany, if this income is...more
The Federal Council today approved the Corona Tax Assistance Act. Companies and employees who are affected by the COVID-19 pandemic are to be tax-relieved by the planned measures.
The Corona Tax Assistance Act specifically...more
On May 6, 2020, the Federal Government launched additional tax relief measures to improve the liquidity of the companies and employees affected by the COVID 19 pandemic and to grant tax relief. The draft law is now to be...more
On March 13, 2020, the German government announced a billion-dollar package of measures (“protective shield for employees and companies”) to support companies economically affected by the effects of the coronavirus (COVID-19...more
The Federal Government has launched a package of measures worth billions to counter the economic consequences of the coronavirus epidemic. Individual tax authorities have already started to implement these tax...more
3/21/2020
/ Business Closures ,
Business Disruption ,
Coronavirus/COVID-19 ,
Financial Crisis ,
Germany ,
IRS ,
Layoffs ,
Protection Shield ,
State of Emergency ,
Tax Deferral ,
Tax Relief
The BFH has confirmed in three parallel decisions that a real estate management company may not claim the extended reduction of the trade income (§ 9 no. 1 p. 2 GewStG) if it also leases equipment or facilities representing...more
In its judgment of 10 April 2019 (Ref .: I R 15/16), the BFH again confirms the possibility of a tax-free deposit refund by third-country companies. The BFH clarifies that also third-party companies have to observe the...more
The German Federal Fiscal Court (BFH) Confirms That Total Buyout Agreements Regarding Copyrights Are Subject to German Withholding Tax -
OVERVIEW -
Under German tax law, remunerations paid abroad by persons/companies...more
The BFH's Grand Senate also confirms the fundamental applicability of the trade tax exemption (so-called extended reduction) for real estate income generated by real estate management, non-commercial partnerships -
The...more
On March 21, 2018, the European Commission proposed new rules for the taxation of digital activities and digital business models in the EU (‘digital tax package’)....more