Global

Details

  • Service: Tax, International Corporate Tax, Global Indirect Tax, Mergers & Acquisitions, International Executive Services, Global Compliance Management Services
  • Type: Regulatory update
  • Date: 8/3/2012

Germany - Recommendations on participation exemption, reorganization proposals 

August 3: The Upper House (Bundesrat) published its recommendations concerning changes proposed in the 2013 Tax Act (JStG 2013) to the participation exemption rules, the tax treatment of reorganizations, and inheritance tax implications for business assets.

These comments are merely recommendations, and it remains to be seen whether they will be addressed or adopted in future legislative proceedings.


Read an August 2012 report [PDF 135] prepared by the KPMG member firm in Germany: Germany Tax Monthly (August 2012)


Other topics addressed include:


  • Guidance on the simplified electronic invoice system for value added tax (VAT) purposes
  • A new directive concerning the real estate transfer tax in cases of reorganization of consolidated groups
  • Findings of no early termination of a tax group on the sale of a controlled company within the group
  • An amended version of a directive on the trade tax add- back
  • Guidance following a judgment of the Court of Justice of the European Union concerning the withholding tax on payments of “free-float” dividends to EU / EEA corporations



©2012 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved.


The KPMG logo and name are trademarks of KPMG International.


KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever.


The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.


Direct comments, including requests for subscriptions, to go-fmtaxnewsflash@kpmg.com.
For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at:

+ 1 202 533 4366

1801 K Street NW
Washington, DC 20006.

 

Share this

Share this

Subscribe

Subscribe to receive the latest TaxNewsFlash email alerts (you must select the option for TaxNewsFlash)


Already a Subscriber? Login


Not a member? Subscribe now

Contact us