The German Federal Fiscal Court has reasonable doubts on the constitutionality of interest on tax payments for prior years starting from 2015 on. With decision of April 25, 2018  (IX B 21/18 the court has granted  application for suspension. The decision is related to §§ 233a, 238 AO (German Fiscal Code). Interest on tax payments …

The Federal Ministry of Justice and Consumer Protection published German Accounting Standards No. 25 Foreign Currency Translation in Consolidated Financial Statements in the authoritative German version pursuant to § 342 (2) HGB in the Official Gazette (“Bundesanzeiger”) on May 3, 2018.

From January 1, 2018, amended requirements for international relationships have been established in Germany. Disclosure requirements to the financial authorities start at a participation rate of 10% (previously: 25%). Direct and indirect participations have to be scraped together. Apart from the participation rate the disclosure requirements also start if the participation is EUR 150,000 or …

The German Federal Constitutional Court hat announced his decision on the valuation of property tax on April 10, 2018. Therefore the actual tax rules for property tax in the Western German states are not in line with the constitution since at least 2002. The court advised the legislator to implement new rules until the end …

The Accounting Standards Committee of Germany (ASCG) has published the draft accounting standard no. 34 associated companies (E-DRS 34) and the draft accounting standard no. 35 quota consolidation (E-DRS 35) for consultation. Responses to E-DRS 34 and E-DRS 35 are to be made until May 11, 2018 at the ASCG. source: ASCG

The European Union has published on April 3, 2018 the  regulation (EC) no 2018/519  of March 28, 2018. The regulation is related to the adoption of certain international accounting rules in accordance with regulation (EC) no. 1606/2002 of the European Parliament. The regulation adopts IFRIC 22 Foreign Currency transactions and Advance Consideration.

The new European data protection regulation applying as from May 25, 2018 has been arousing widespread public interest. What is going to be changed in data protection, what has to be considered in relation to my auditor or tax advisor? We have provided a podcast on our website under the section “Service/Podcasts” with further information …

The European Union published the regulation (EG) no. 2018/400 dated March 14, 2018 in the official gazette dated March 15, 2018. The amendments of IAS 40 “Investment Property” are being adopted with this regulation. Source: DRSC

Based on the Remuneration Transparency Act (Act on the promotion of remuneration transparency between women and men) published last year particular large businesses (with more than 500 employees and legally obligated to prepare a management report) have to prepare a so-called salary compensation report according to § 289 HGB (German Commercial Code). This obligation applies …