On November 10, 2023, the German Federal Parliament passed the Minimum Tax Act with further accompanying measures.
On November 17, 2023, the German Federal Parliament passed the Future Financing Act; the German Federal Council gave its approval on November 24, 2023.
On November 17, 2023, the German Federal Parliament passed the Growth Opportunities Act. The German Federal Council, on the other hand, referred the act to the Mediation Committee on November 24, 2023.
BDO Corporate Tax News summarises recent tax developments of international interest across the world.
Income Tax Disclosure Act
On November 15, 2023, the German Federal Government adopted the Fourth Minimum Wage Adjustment Regulation presented by the German Federal Ministry of Labor and Social Affairs
The OECD recently took what at first glance seems like a big step forward in its drive towards finalisation of its two-pillar framework to address the tax challenges arising from the digitalisation of the global economy: the release of a multilateral convention to implement Amount A of Pillar One...
The transitional rules under the EU Carbon Border Adjustment Mechanism (CBAM) are now operative, and the Implementing Regulation sets out the transitional reporting obligations and methodology for calculating embedded emissions released during the production process. A registry has been set up...
The Growth Opportunity Act provides for significant changes in the tax deductibility of interest expenses.