The Federal Ministry of Finance has published a decree on the tax treatment of the transfer of (electric) bicycles from the calendar year 2019 onwards (identical decrees of the supreme tax authorities of the Länder dated 9.1.2020 – 3-S233.4/187). The decree makes statements on the assessment of benefits in kind as part of the salary …

Our sincere gratitude for the pleasant cooperation and your confidence in our firm. We wish you and your family a very happy Holiday Season and a great start into the New Year.

The 10th edition of the Haufe HGB commentary has recently been published. Our managing partner Klaus Bertram is publisher and co-author of this standard work on German financial accounting. Just in time for the anniversary edition, the publishing house has brought the publishers together in an interview and, in particular, shed some light on the …

Fitting to the upcoming holiday season, the fiscal court in Muenster has recently decided that only the part of the purchase contract relating to the land is subject to land transfer tax if Christmas tree cultivations are acquired together with the land. Therefore, the purchase of Christmas trees is exempt from land transfer tax because …

On November 8, 2019, the German Federal Council adopted the reform the German property tax. This means that the legislative package consisting of amendments to the Basic Law and changes to property tax and valuation law can enter into force as planned: As from 2025, the federal states will levy property tax according to the …

The BMF (German Federal Ministry of Finance) has issued an announcement letter on the non-objection regulation for the use of electronic recording systems within the sense of § 146a AO without a certified technical safety device upon 31.12.2019. Essential contents of the BMF letter are: The technically necessary adaptations and upgrades must be carried out …

The German Accounting Standard Committee (DRSC) adopted German Accounting Amendment Standard No. 10 (DRÄS 10) on 17 October 2019. DRÄS 10 mainly clarifies the regulations in DRS 25 Currency Translation in the consolidated financial statements for inflation adjustment by indexation. In addition, editorial changes have been made to DRS 16 Half-Year Financial Reporting, DRS 19 …

The Federal Council approved the new inheritance tax guidelines in its session on October 11, 2019. Based on the approval they can now enter into force.

Haufe HGB-Bilanzkommentar (Haufe Financial Reporting Commentary) celebrates its 10th anniversary. Our partner Klaus Bertram has been part of the editorial team since its very beginning. Prior to the publishing of the 10th edition will take place at the end of 2019, Haufe Verlag interviewed the editors and also presents the main features of this widely …

On 27 September 2019, the Federal Ministry of Finance (BMF) published a draft law to introduce an obligation to report cross-border tax arrangements (as at 26 September 2019). The law to introduce an obligation to report cross-border tax arrangements is intended to implement the relevant EU directive into national law and to introduce an obligation …