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The effects of the coronavirus crisis on the annual financial statements and the management report

Besides the not yet predictable effects of the coronavirus crisis on the economy, the question that arises is what are its accounting implications. […]

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Are eurobonds a suitable support measure for financially weak countries in the eurozone?

The issuance of so-called eurobonds is currently the subject of intense discussion (sometimes the term “coronabonds” is used). Up to now, eurobonds […]

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Changes in the area of transfer pricing rules – Part I: An overview of the important points

In conjunction with the draft law for the proposed transposition of the Anti-Tax Avoidance Directive (ATAD), the Federal Ministry of Finance […]

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Important aspects of the German Research Allowance Act – Part I: Tax-privileged R&D projects

The Research Allowance Act (Forschungszulagengesetz, FZulG) came into force on 1.1.2020. The objective here is to provide support to companies for […]

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PKF Worldwide Tax Update

In this second quarterly issue for 2020, the PKF Worldwide Tax Update Newsletter again brings together notable tax changes and amendments from around […]

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The German Federal Ministry of Finance circular on the application of Section 4j of the German Income Tax Act (“royalty barrier”)

Local tax laws in many countries permit preferential tax treatment for certain proceeds that are realised from intangible assets (so-called […]

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The recapitulative statement - Information on procedures for consignment warehouses and the increased importance of the submission obligation

The German Federal Ministry of Finance (Bundesministerium der Finanzen, BMF) published a circular, on 28.1.2020, in connection with the information […]

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The amount of a provision set aside under German commercial law still constitutes the upper limit for the tax accounts

In the tax accounts, the maximum amount of a provision that may be recognised is the value permitted under German commercial law. The application of […]

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Variable compensation payments to external shareholders only possible to a limited extent

In a recent circular, the Federal Ministry of Finance (Bundesministerium der Finanzen, BMF) dealt in detail with issues related to the application of […]

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Planned amendments to the German Posting of Employees Act - Compensation issues and working conditions

The EU Directive on Posted Workers has to be transposed into national laws by 30.7.2020. The Federal government’s draft law on this has been available […]

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