Services
Auditing increases the reliability of your company information for all decision-makers – thereby building credibility and trust.
Business consulting that works
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Risk Advisory
Security for your business
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Digital advisory & IT consulting
Mastering digitalisation together
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Operational Advisory
Solidifying and supporting transformation
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Deal Advisory
We’ll advise you on national and international transactions
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Valuation & economic and dispute advisory
We’ll value your business fairly and realistically
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Financial Advisory
Optimising financial structures
Regardless of whether you run a business, an institution or represent a family office, top-quality tax advice is more important for success than ever. We offer...
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Tax for businesses
Because your business – national or international – deserves better tax advice.
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Tax for financial institutions
Financial services tax – for banks, asset managers and insurance companies
Legal cover for you and your company
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Employment law
Representation for businesses
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Commercial & distribution
Making purchasing and distribution legally water-tight.
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Inheritance and succession
Don’t leave the future to chance.
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Financial Services | Legal
Your Growth, Our Commitment.
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Business legal
Doing business successfully by optimally structuring companies
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Real estate law
We cover everything on the real estate sector, the hotel industry, and the law governing construction and architects, condominium ownership, and letting and renting.
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IT, IP and data protection
IT security and digital innovations
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Mergers & acquisitions (M&A)
Your one-stop service provider focusing on M&A transactions
Sustainable transformation for your business.
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Sustainability strategy
Laying the cornerstone for sustainability.
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Sustainability management
Managing the change to sustainability.
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Sustainability reporting
Communicating sustainability performance and ensuring compliance.
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Sustainable finance
Integrating sustainability into investment decisions.
Advice and services for the mid-market in Germany
Rooted locally, connected globally.
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International business
Our country expertise
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Entering the German market
Your reliable partners.
You think in global terms of innovation and flexibility. So do we – and beyond.
Your industry is at the forefront. Together, we’ll forge ahead with new ideas.
Your industry is governed by standards and regulations. We deliver solutions.
Regulatory changes, pressure on cost management, the need to grow, and increased investments in technology and data are dominating the financial services...
Your market is growing. With our efficient strategies, you can grow with it.
Digital transformation is only one of the many challenges your industry is facing. We’ll steer you through them.
Research and development drive your industry forward. Across borders, we’re at your side.
We continue to see the German private equity market on the rise. Private equity investors currently possess substantial capital resources. Here the German...
Demands on the public sector are increasing. Our solutions are sustainable.
Your partner – even in challenging times.
Your industry demands flexibility and speed. Our clear strategy delivers both.
Your branch is defined by dynamic innovation. We’re your partners on an equal footing.
Growth and innovation are the subjects you’re interested in. Reach the goal with our smart solutions.
You’re planning new projects, restructuring and transactions We’re at your side. Personally.
Real Estate
Effects of the planned VAT cut
15 Jun 2020The decision paper for the fiscal package provides for a cut of the standard VAT rate from 19% to 16% for the period from 1 July to 31 December 2020. The reduced VAT rate will be cut from 7% to 5%. For investors in real estate, the temporary cuts of the tax rates will bring about the following effects in particular:
- For tax-exempted renting (e.g. residential or tax-exempted commercial lessees): The input VAT damage on purchased services should drop by 3% in this period. In consideration of the foregoing, it is recommendable to check contracts for construction projects and major refurbishments in particular for the VAT-relevant time of service or time of supply.
- For accommodation services which are currently taxed at 7% (including renting residential space for up to 6 months): Here it will be necessary to check whether the relevant contracts contain an agreed gross remuneration so that the net revenue will increase correspondingly.
- For lease contracts taxable at the standard rate of 19 percent: Here the reduction of the tax rate will have to be implemented mostly systemically. As a rule, there will be no positive financial effects for lessors. Mainly commercial leases will have to be examined in relation to construction subsidies and rent-free periods. The different tax rates might otherwise lead to distortions.
Also appears under...