The Growth Opportunities Act entered into force at the end of March 2024. It contains many changes to tax which companies can benefit from. We give you an overview of the most important new developments and point out where you need to take action.
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After protracted debate, the Growth Opportunities Act entered into force at the end of March 2024 in the mediation committee’s revised version. With it, numerous legal developments now apply that are designed to strengthen the competitiveness of Germany as a place to do business and improve the financial situation of companies.

Compared to the version originally passed by the Bundestag, considerable changes have been made in the enacted version. The Climate Change Investment Premium Act (Klimaschutz-Investitionsprämiengesetz), in particular, which was to be a key element in bolstering investing activities, has been completely struck out. Nevertheless, from the entrepreneurs’ point of view the changes that are now in force are broadly to be seen as positive. 

Below is an overview of the most crucial changes:

Transfer pricing – new rules on financing transactions
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Tax allowances for research greatly expanded
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Questions on any of these subjects? Feel free to talk to the authors!