Germany: Proposed relief from withholding tax, extended tax return deadline

Germany: Proposed relief from withholding tax

The KPMG member firm in Germany has prepared a report that discusses the following tax-related developments:

  • The government adopted a draft bill concerning the modernization of relief from withholding tax and certification of capital gains tax.
  • The Tax Act 2020 was published in the federal law gazette (Bundesgesetzblatt), and the law includes certain technical amendments and other changes that are in line with European Union (EU) law and judgments of the Court of Justice of the European Union (CJEU) and the “non-application laws on judgments” by the German federal tax court (BFH).
  • A draft bill was introduced in the lower house of the German parliament (Bundestag) to extend the tax return deadline for the 2019 assessment period.
  • An amendment to the German stock corporation law (AktG § 302) may require the modification of existing profit transfer agreements. This may affect all existing agreements.

Read a February 2021 report [PDF 357 KB] prepared by the KPMG member firm in Germany

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