Real Estate Transfer Tax

The supreme tax authorities of the Federal states of Germany have issued identical decrees on the application of Sec. 1 para. 3a of the Real Estate Transfer Tax Act (identical decrees dated September 19, 2018 – IV C7 – S 4501/13/10001:002). In 2013 Sec. 1 para. 3a of the Real Estate Transfer Tax Act introduced …

Draft of Interpretation No. 1 of the German Accounting Standards Committee (GASC): Accounting for additional charges on income taxes according to IFRS

The GASC has disclosed the draft of a GASC Interpretation (IFRS) No. 1 on the accounting for additional charges on in income taxes according to IFRS for consultation purposes. Subject matter of the draft Interpretation draft Interpretation is the accounting for additional charges as outlined in Sec. 3 para. 4 (German General Tax Code) and …