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 …

The IFAC reappointed Klaus Bertram for the period from 2019 to 2021. You can find more details in the attached press release.

Based on a current decision of the fiscal court in Muenster the transfer of shares of three different legally and economically independent corporations carried out on the same day by a father to his son is not regarded as a uniform transaction. Therefore, each transfer is assessed individually for the application of the exemption from …

The Higher Regional Tax Office Karlsruhe has published an information bulletin regarding the requirements on accounting principles for cash journals. The paper describes requirements in details and also addresses topics such as transactions with EC cards.

EFRAG (European Financial Reporting Advisory Group) has published an updated report on the current status of the endorsement of IFRS. This Report includes the ARC-apporval on IFRIC 23 Uncertainty over Income Tax Treatments and Annual Improvements to IFRS Standards 2015-2017.

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 …

On July 20, 2018 HEUBECK AG disclosed new guideline tables RT 2018 G heubeck . The previous guideline tables RT 2005 G are used by many businesses for the valuation of pension obligations. The update of the biometric basis of calculation is supposed to reflect recent developments related to likelihoods of mortality, invalidity, marriage and …

The filing for insolvency proceedings over the assets of a company does not impact the appointment of a Public Auditor for preceding business years. Furthermore, the appointment cannot be revoked by the insolvency administrator.

The German Federal Ministry of Finance has issued a letter from May 29, 2018 to amend the Application decree on § 146b AO. § 146b has been inserted into the German Tax Code (Abgabenordnung, AO) at the end of 2016. The Regulation has to be applied after December 31, 2017. Cash inspections can be applied for …

The formal act of the Adoption of a directive for the duty of disclosure for crossborder tax planning models in the EU has been taken place on May 25, 2018. The wording of the directive has been improved in an important point for public auditors.  The directive now recognises the duty of confidentiality of public auditors For clarification the government …