Germany: Tax measures in draft tax reform bill, other tax developments
The draft law includes a large number of amendments in various areas of the tax law.
The draft law includes a large number of amendments in various areas of the tax law.
The Federal Ministry of Finance (BMF) published a draft bill for the “Act to strengthen growth opportunities, investment and innovation as well as tax simplification and tax fairness.”
The draft law includes a large number of amendments in various areas of the tax law, including:
- Restrictions on the deduction of interest expenses
- Improvement of the tax loss deduction
- Climate protection investment premium
- Improvement of deprecation possibilities and further investment incentives
- Partnerships
Read an October 2023 report [PDF 378 KB] prepared by the KPMG member firm in Germany
Other recent tax developments in Germany include:
- Prohibition of loss offsetting in case of retroactive tax effect of a conversion (BFH, decision I R 48/20)
- Tax valuation of pension provisions (Federal Constitutional Court, decision 2 BvL 22/17)
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