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For private persons, protecting their privacy is a central need, both personally and in terms of their wealth structures. A new judgment by the German Administrative Court Cologne (Verwal-tungsgericht Köln) (17/07/2024–13 K 5996/19) protect the privacy of wealthy private individuals.

The rules on the taxation of profit and loss from foreign currency transactions are being changed according to the Federal Ministry of Finance Circular of May 2022. It should be assumed that starting from tax year 2025 the tax authorities are going to start looking more closely at foreign currency balances. What does this mean for investors, and what needs to be done before the end of the year?

Poland will be among the first countries to implement mandatory e-invoicing for B2B transactions, starting in February 2026. As part of our series “E-invoicing in the EU” we will cover Poland’s experiences with the progression of this new regulation, changes to expect for businesses operating in Poland, and highlight how the Polish Grant Thornton firm approaches the implementation challenge.

Producers of single-use plastic products must be registered on the German Environment Agency’s DIVID platform by 31 December 2024 – for the first reporting year of 2024. Find out what you need to do in this article.

From 1 January 2025, German businesses will have to be able to receive and process e-invoices. Which challenges does the retail sector have to be aware of at the end of the year, and how can it make use of the opportunities it brings?

In this post, we let you know the details and show you what to pay attention to with practical im-plementation.

The German Bundestag has introduced exit taxation on investments at record speed. The Bundesrat, the upper house, didn’t ratify yet but is expected to assent to the new rules so that they might enter into force starting on 1 January 2025.

The legislator has amended the transfer pricing documentation obligations, which were tightened at the end of 2022, and brought forward their application significantly. The following article explains what companies should now bear in mind.

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.

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.

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.

Asset management GmbHs (companies with limited liability) are still the subject of discussion. Many asset managers, trading platforms and investment consultants talk this structure up as a “tax-saving model”. But what’s actually behind it? Let’s have a look at the law and how it’s implemented in practice.

In this article, you can read about the challenges that arise when preparing a purchase price allocation.

In the world of tax, compliance management systems (tax CMS) continue to be a hotly debated topic. The discussion gained new momentum from the current test phase (Section 38 of Article 97 of the Introductory Act to the Fiscal Code [EGAO]) for DAC7. Tax authorities may now promise specific simplifications for future tax audits if the current audit has confirmed the effec-tiveness of the existing tax CMS.

Last year the Federal Fiscal Court (Bundesfinanzhof – BFH) decided that paying a pension and salary to an owner-director at the same time does not mean that in principle the pension is to be classified as a hidden profit distribution. The tax authorities only partially adopted the principles of the judgment in the latest amendment of its Federal Ministry of Finance (BMF) circular. Cases where directors work part-time are critical.

The new guideline deals in detail with the allocation of wages in cases in which employees receive both taxable and tax-free wages in Germany. In particular, the application of the daily tax table for salary payment periods as of 1 January 2025 is addressed.