On March 31, 2021, the German Federal Cabinet passed the Tax Haven Defense Act. The aim of the German federal government is to ensure more tax justice across national borders. The Tax Haven Defense Act aims to encourage non-cooperative states and tax havens to implement international tax standards and prevent tax avoidance through defensive measures. […]
The exit of Great Britain and Northern Ireland (UK) from the European Union (EU) will have very significant VAT consequences at the end of the so-called transition period of December 31, 2020. The United Kingdom has qualified as a third country for Value Added Tax (VAT) purposes since January 1, 2021. This does not apply […]
At the turn of the year 2021, the tax authorities once again tightened the notification requirements for international relationships with immediate effect. The indirect acquisitions of foreign holdings are particularly affected by the new regulation. Taxpayers with their place of residence, habitual residence, management or head office in the area of application of this law […]
In a letter dated February 18, 2021, the Federal Ministry of Finance (BMF) announced the status of the agreements concluded with other countries to avoid double taxation (so-called double taxation treaties or DTTs) as well as the agreement negotiations as of January 1, 2021. The purpose of these bilateral agreements is to assign the right […]
For the sixth time in a row, TLI Steuerberater has received the “Best Tax law firm 2021” award from the German Trade Journal (Handelsblatt). We have been one of the top tax law firms in Germany since 2016! The German Trade Journal (Handelsblatt) recognized our tax law firm as the best tax law firm in […]
The Federal Office of Justice has extended the deadline for the publication of the annual financial statements with the balance sheet date of December 31, 2019 to April 6, 2021. Shortly before Christmas 2020, the Federal Office of Justice agreed with the Federal Office of Finance that, due to COVID-19, due to the fact that […]
The dispute over the deductibility of input VAT for a functional holding is entering the next round. The issues in dispute must now be clarified by the European Court of Justice (ECJ). A pure financial holding whose sole purpose is to acquire and hold company shares is not an entrepreneur from a VAT point of […]
With letter dated February 26, 2021, the tax authorities reduced the average useful life and thus the depreciation period for hardware and software to one year. This new regulation can lead to a significant tax advantage for all companies, since the expenditure for the acquisition of hardware and software in the year of acquisition can […]
To cover the effects of the corona pandemic crisis the German government has already decreed several aid measures. We have already informed you about these aid measures in our TLI Steuerberater TV channel and via our website. On June 3rd, 2020 the German government decreed a stimulus package for Germany. This stimulus package shall cover […]
In the age of the digitization and global interlinking nearly every enterprise becomes conscious or unconsciously with the international tax right confronted. Experience and routine is necessary beside a maximum in sound legal knowledge in the national law as well as in the legal system of the foreign state for the solution of international tax […]