30.06.2020

Extension of Tax Benefits for Electric Vehicles as Company Cars

In the course of the second German Coronavirus Tax Relief Act, the legislator has increased the maximum amount of the gross list price up to which a preferential taxation of private use of fully electric…

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30.06.2020

Reintroduction of the Reducing Balance Method of Depreciation of Movable Assets

The second German Coronavirus Tax Relief Act restores the possibility, urgently demanded by the business community, of using the declining balance method of depreciation on movable fixed assets. The…

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30.06.2020

Extension of the Deadline for the Collection of Tax Benefits - Tax Compliance Management as a Protective Shield

In addition to the regulation of fiscal benefits, the second Coronavirus Tax Relief Act also contains new regulations with reference to fiscal offences, which once again illustrate the necessity of…

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29.06.2020

Liquidity through tax loss carrybacks

In view of the dramatic economic effects of the coronavirus pandemic, the legislator has reacted by providing further relief: The Second Coronavirus Tax Relief Act temporarily, but at the same time…

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29.06.2020

Tax support for research and development is extended and increased

With effect from 1 January 2020 the German Research Allowance Act (Forschungszulagengesetz, FZulG) has been introduced. The initial restriction of the Act to six months has now been lifted and, at the same…

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29.06.2020

German Government Sets Out for More Sustainability

Today, the Federal Government of Germany published its national programme for Germany's presidency of the Council of the EU, called "Together for Europe’s recovery". As expected, the programme focuses on…

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28.06.2020

Second Coronavirus Tax Relief Act: Reduction of the Value Added Tax Rates as of 1 July 2020

1. Reduction of the Value Added Tax Rates as of 1 July 2020 The Federal Parliament (Bundestag) and the Federal Council (Bundesrat) today have adopted the Second Coronavirus Tax Relief Act. This Act…

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24.06.2020

Effects of the planned reduction of VAT rates on the real estate industry

1. Introduction On 3 June 2020, the coalition committee of the German government adopted the economic stimulus package "Combating corona effects, securing prosperity, strengthening sustainability". On…

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21.06.2020

Taxonomy Regulation for Sustainable Investments Adopted

On 10 and 18 June 2020, the European Council and the European Parliament adopted the Regulation establishing a framework to facilitate sustainable investment (2018/0178/COD procedure). This so-called…

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16.06.2020

The Council Presidency Trio Commits to More Sustainability

Enterprises should prepare for increased ‑ also regulatory ‑ measures to promote a sustainable economy and the announced transition to a green economy. In our newsletter "Corona vs. Does the Virus also…

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15.06.2020

Second Coronavirus Tax Relief Act: Tax relief on the one hand, significant effects for criminal tax law on the other

Coronavirus tax relief or lex cum/ex? The main point is, it is criminal tax law! With a second law on the implementation of tax aid measures to overcome the coronavirus crisis (Second Coronavirus Tax…

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09.06.2020

German Federal Cartel Office Supports Cooperation with Competitors for 'Coronavirus Restructuring'

The automotive industry shows that cooperation with competitors in order to deal with the difficulties caused by the coronavirus pandemic in a coordinated manner is possible in accordance with antitrust…

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