Haufe HGB Commentary 10th Edition

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 …

Property tax reform adopted

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 …

DRSC adopts DRÄS 10

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 …