On 27 April 2021, the German Federal Government passed the 17th Ordinance amending the Foreign Trade Ordinance (the 17th FTO Amendment). The 17th FTO Amendment aims to conclude the reforms…
Current tax law developments for private clients
Succession Planning, Taxation of Corporate Vehicles, Reporting Requirements – Find out more about these and other topics with a view to the tax treatment of private clients in Germany….
Competition Law – Higher Merger Control Thresholds and Tighter Rules for the Digital Economy
At the core of the amendment are new tools to address a misuse of market power by companies of the digital economy. Particularly relevant for most companies, however, are significantly…
COVID-19 News Update – Further legislative amendments in force
…to the current reporting deadlines, cross-border tax arrangements where the reporting obligation is triggered between 25 June 2018 and 30 June 2020 (“old cases”) must be reported by 31 August…
No deferral for DAC 6 reporting obligations planned
…for failure to report, late reporting or incorrect reporting A violation of ongoing reporting obligations, i.e. concerning tax arrangements after 1 July 2020, constitutes an administrative offence and can be…
CRS and DAC 6 – Will the deadline extension arrive in time?
…time). Initial situation The summer traditionally marks the beginning of the annual reporting season in the field of automated information exchange on financial accounts according to the international reporting standards…
Merger control and reporting requirements – Temporary time extensions in pandemic times
…before the start of the initial deadlines. Please note: The proposal, if enacted, only extends the reporting deadlines. It would have no impact on the reporting obligations. Therefore, the analysis…
“Corona Amendment” tightens investment review in health sector
On 20 May 2020, the German federal government passed into law the 15th Ordinance amending the Foreign Trade Ordinance (the 15th FTO Amendment). This “Corona Amendment” focuses on the health…
Foreign Trade Ordinance – BMWi launches “Corona Amendment”
…in particular for an extension of the reporting obligations to investments in the health sector. Further topics of our news update: “Work-of-Tomorrow Law” and first judicial decisions on the disputed…
Federal Government decides on more stringent examination of investments
On 8 April 2020 the German cabinet resolved a draft law to amend the German Foreign Trade Act. The draft law generally tracks the Ministerial Draft presented by the German…