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On 12 July 2022, the federal Ministry of Finance (BMF) published a draft bill on DAC7. This was approved on 10 November by the Bundestag.

On 2 August 2022, the tax authorities published a circular on the application of tax deductions under 50a of the German Income Tax Act (Einkommensteuergesetz – EStG) for remuneration from software development services. The BMF circular concerns cases in which German businesses develop software using businesses that are resident abroad.

In a surprise move as part of the third relief package, the federal government decided to begin implementation of internationally agreed global minimum tax on the national level now. This once more increases the relevance for German businesses coming with the scope of Pillar Two to get themselves prepared.

Many questions still remain unanswered in regulating how global minimum tax is to be implemented. Our update on the current situation of Pillar Two and an assessment of further developments.

In May 2022, the European Commission presented a draft directive to equal out the tax treatment of equity and debt, which allows for the deduction of notional interest on equity on the one hand, and contains a further limitation on interest deduction on the other.

This rebranding is just the next logical step in the company's growth strategy. Find out more.

Even though the proposed changes to the German RETT treatment of share deals had seemed to be stopped by the end of 2019, they shall now be enacted shortly. The corresponding legislative process, including the approval by the Upper House of Parliament (“Bundesrat”) shall be completed by June 2021 at the latest. The new measures shall then to come into force on 1 July 2021.

We assist you with the organisation of your personal emergency planning and with long-term succession planning.

The worldwide spread of the coronavirus is enormously challenging, in particular to businesses acting internationally. We give you recommendations for action and are happy to assist you with our contacts.

Whether German Commercial Law [HGB] or IFRS - the corona crisis leads to numerous questions with regard to accounting. We have the answers.

Targeted preventive measures are crucial for companies in the current situation. What you need to navigate safely through the COVID-19 crisis.

So as to mitigate the negative consequences of the COVID-19 pandemic, the Federal Government, the states and development banks set up financial support programmes. We keep you informed about the details.

So as to mitigate the negative consequences of the COVID-19 pandemic, the Federal Government, the states and development banks set up financial support programmes. We keep you informed about the details.