Recent tax developments in Germany
The upper house of the German Parliament (Bundesrat) on 22 March 2024 approved the compromise proposal for the "Act to Strengthen Growth Opportunities, Investment and Innovation as well as Tax Simplification and Fairness,” which had been adopted by the mediation committee of the lower and upper houses of the German Parliament on 21 February 2024. Read TaxNewsFlash
With the Bundesrat´s approval, the parliamentary procedure is complete, but the Act still has to be published in the official gazette before it can become effective.
Read an April 2024 report prepared by the KPMG member firm in Germany that describes the significant tax amendments included in the Act.
Other recent tax developments in Germany include: