On 12. June 2020, the German government launched a second billion-euro economic stimulus package to get the economy back on track after the Corona crisis. Important (tax) aspects include The VAT rate is to be reduced from 19 % to 16 % from 1.7.2020 to 31.12.2020. The reduced tax rate (e.g. applies to many foodstuffs […]
With the measures of the Second stimulus package, which takes decisive action to tackle the economic effects of the Covid-19 pandemic, the economy should quickly regain momentum. The focus here is on the temporary reduction of VAT rates. As these are to apply from 1st. July 2020 (the Federal Council is expected to approve them […]
With these salary extras, your employees will receive a higher net salary than with normal salary increase 1. What does “tax-privileged“ mean? 2. Token Gifts 3. Support Benefits 4. Company Bicycles 5. Meal Subsidies/Restaurant Cheques 6. Travel Allowances 7. Company Cars 8. Health Services 9. Vouchers 10. Job Tickets 11. Kindergarten Subsidies 12. Meals during […]
March 2017 Newsletter for foreign investors in Germany Contents: Newly implemented German Tax Acts New Accounting Standards Implementation Act (Bilanzrichtlinie-Umsetzungsgesetz) Introduction of Country by Country Reporting in Germany New Sec. 8d of the Corporations Tax Act improves use of loss carried forward for corporations New rules for correction of tax declarations (Sec. 153 AEAO) Planned […]
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