Around 130 countries have agreed on a reform of international corporate taxation. The reform plans include a global minimum taxation of 15%. The agreement was also recently confirmed by the finance ministers of the G20 countries.
On May 28, 2021, the Bundesrat (upper house of the German parliament) passed two further important pieces of legislation, the Fondsstandortgesetz (FoStoG) and the Abzugsteuerentlastungsmodernisierungsgesetz (AbzStEntModG), which we already reported on at the draft stage.
New uncertainties regarding the write-off of cross-border loans within a group: Two years ago, the legal situation seemed to have been clarified by the Federal Fiscal Court. Now, within one day, the Federal Constitutional Court and the Federal Fiscal Court itself have overturned two of these
The Bundestag has passed the Corporate Income Tax Modernization Act (KöMoG). In addition to further changes to corporate income and conversion tax law, this law includes in particular the so-called option model. Compared to the first draft of the law, there have been some further changes.
On 14.4.2021, after lengthy political discussions and a long phase of legal uncertainty, the Finance Committee of the German Bundestag agreed on a reform of the real estate transfer tax. The reform comes into force on 1.7.2021.
Certified Security Operations Center GmbH is the name of a new joint venture being founded by dhpg IT-Services GmbH (dhpg) and TÜV TRUST IT GmbH Unternehmensgruppe TÜV AUSTRIA (TÜV TRUST IT). The aim is to become market leader in the Security Operations Center sector.
We are delighted to share the latest news from Nexia International: the global network of independent accounting and consulting firms, of which dhpg is a member, has risen one place to become the eighth largest global accounting network.
For internationally positioned corporate groups, further changes to the income tax framework are emerging. The draft of the Withholding Tax Relief Modernization Act determines an adjustment to the central anti-abuse standard for withholding tax relief, which is to have a tightening effect.
dhpg has appointed seven new partners from its own ranks: Quentin Adrian (tax advisor), Steffen Dettmer (auditor and tax advisor), Benjamin Drath (tax advisor), Marco Halfmann (auditor and tax advisor), Oliver Lohmar (tax advisor), Ulrich Trautmann (tax advisor) and Fabrice Voigt.
dhpg and TMC Turnaround Management Consult are now working together in the restructuring of companies. The aim is to pool special skills and jointly reorganise medium-sized companies that are in trouble and wrestling with crises shaking their financial stability and profitability.