The German Federal Ministry of Finance (BMF) has clarified in its current statement, that remunerations to foreign online platform operators and internet service providers for the placement or mediation of electronic marketing measures on websites are not subject the German withholding tax according to Sec. 50a German Income Tax Act (BMF, Statement dated 3.4.2019 – …
The German Federal Fiscal Court has decided in its ruling dated October 11, 2018 that debit and credit interests resulting from reciprocal loans within a cash-pool can be offset for the calculation of additions of purposes.
The German Federal Supreme Court has recently decided on questions related to audit assignments after insolvency proceedings are opened for a client. Dr. Henrik Solmecke subject specialist and head of education and training at the IDW explains the new legal situation. The podcast can be found under Service/Podcasts.
The European Commission has disclosed standards for the “European Single Electronic Format (ESEF)”. The standards were developped by the European Securities and Markets Authority (ESMA). Accountancy Europe has disclosed a factsheet on the ESEF which describes the format and the functions and which also provides practical tips.
Due to identified manipulations of interests certain reference interest rates are expected to be replaced or reformed within the next few years. The EU-Benchmark-Regulation which is effective since January 1, 2018 provides for a transition period until December 31, 2019 in this respect (so – called IBOR Reform).
The German Federal Ministry of Finance has updated its statement regarding the tax liability of the recipient of the services according to § 13b UStG in connection with construction work (BMF, 24.1.2019 – III C 3 – S 7279/19/10001 :001 – IV A 3 – S 0354/14/10001 :019) due to the current ruling of the …
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With its decision on November 6, 2016 the ECJ ruled that the heirs of a deceased employee may claim financial compensation for unused paid vacation days from the former employer (C-569/16 und C-570/16)
The German Federal Ministry of Finance has published coordinated decrees by the supreme tax authorities of the Federal States dated November 12, 2018 regarding indirect changes in interests in real estate partnership according to Sec. 1 para. 2a Germany Real Estate Transfer Tax Act.
The IDW has published the 4th edition of its Position Paper regarding Non-Audit Services for auditors of Public Interest Entities (PIE)