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Italy – The European pioneer of electronic invoicing
E-invoicing in the EU Italy – The European pioneer of electronic invoicing
Italy was the first country in the EU to implement mandatory e-invoicing as of January 2019 in the B2B and B2C segment. As part of our series “E-invoicing in the EU” we highlight the growing relevance of e-invoicing by examining Italy’s successful implementation and offer valuable insights for businesses that are looking to navigate this change.
Lars Korte
| 5 min read |
Are you ready for the future of VAT?
ViDA poses a challenge to companies Are you ready for the future of VAT?
The EU Commission’s ViDA initiative marks a new era in VAT compliance. In future, digitalisation will be the key step to optimising processes and meeting new requirements. Tax engines can play an important role here.
Fabio Buccieri
| 1 min read |
No expanded trade tax reduction for the subletting model
Real estate controlled companies No expanded trade tax reduction for the subletting model
The Federal Fiscal Court (Bundesfinanzhof) had already blocked applying expanded trade tax reductions to lettings between two controlled companies belonging to the same consolidated tax group in the past. According to the Federal Fiscal Court’s latest judgment, of 11/07/2024 (III R 41/22), this is also to apply if the renting controlled company sublets the properties to third parties. This may result in additional tax burdens in the consolidated tax group in the subletting model.
Matthias Trinkaus
| 6 min read |
Update: EU blacklist & tax havens
Tax Haven Defence Act (StAbwG) and EU blacklist – what businesses need to know from 2025 Update: EU blacklist & tax havens
The EU list of non-cooperative jurisdictions for tax purposes (EU blacklist) was updated on 8 October 2024. This has implications for the application of the Tax Haven Defence Act (StAbwG) for the countries concerned. Extended defensive measures will also apply to some of the remaining tax havens on the list from 2025.
Lukas Kawka
Alexander Göbel
| 4 min read |
The Federal Court of Justice (BGH) gives precedence to protecting the creditor
Construction law and insolvency The Federal Court of Justice (BGH) gives precedence to protecting the creditor
If a construction contract is terminated for an important reason under Section 8(2) of the German Construction Contract Procedures (VOB/B), this is valid and permissible for insolvency law. But creating a set-off situation (payment of work against claims for damages) is detrimental to the creditor and can be contested.
Dr. Annalena Hanke
| 3 min read |

Press releases

15 Aug 2024

International Grant Thornton team advises Grünenthal on acquisition of US company Valinor Pharma and its product Movanik®

Grünenthal GmbH (“Grünenthal”), a globally leading privately-owned pharmaceutical company in the area of pain management, recently announced its acquisition of the US company Valinor Pharma LLC (“Valinor”) and its product Movantik® (Naloxegol). The total value of the transaction is around 250 million US dollars, including all royalty obligations.

07 Aug 2024

Grant Thornton advises the shareholders of Landefeld Druckluft und Hydraulik on the sale of a minority interest to Viessmann

The shareholders of Landefeld Druckluft und Hydraulik GmbH (“Landefeld”) and Landefeld Beteiligungsgesellschaft mbH, one of the leading suppliers of pneumatic, hydraulic and industrial supplies in the European market, sold their minority interest in these companies to Viessmann Generations Group GmbH & Co. KG (“Viessmann”).

02 Aug 2024

Grant Thornton advises Main Capital Partners on the acquisition of software provider mps public solutions

Main Capital Partners, a leading software investor in Northwest Europe and North America, recently announced the acquisition of one of Germany's leading software providers for public administration and social services, mps public solutions GmbH ("mps"). As a strategic partner, Main Capital will support mps in its next phase of growth through both organic and inorganic initiatives.