In an unexpected statement, German chancellor Angela Merkel and several high ranking cabinet members have announced late Wednesday evening (3 June 2020) to introduce a temporary reduction of the German VAT rates from 19% to 16% (regular VAT rate) and from 7% to 5% (reduced rate), respectively.
Pursuant to § 146a AO (Fiscal Code of Germany) new rules for "Guidelines for accounting and record-keeping using electronic record-keeping systems'" apply as of January 1, 2020. This refers to electronic cash register systems and cash registers, but also to corresponding modules of larger...
SAUDI ARABIA: Deferred filing and payment deadlines and a suspension of VAT penalties \ FRANCE: Validation of the identity condition under the VAT margin regime on immovable property \ GERMANY: Current developments in connection with German VAT groups
The impact of the Corona crisis on society and public life in Germany is enormous. At the moment, nobody can foresee what is yet to come. It is even more difficult to assess what short, medium and long-term consequences the current situation will have on the economy. The current situation demands...
BDO Corporate Finance / M&A Germany has compiled a compact picture of Covid-19’s consequences on selected equity markets and key macroeconomic indicators. While German M&A deal flow has kept up well in Q1 2020, Covid-19 is expected to lead to a significantly lower deal count going forward...
We have put together a selection of deals that our Mergers & Acquisitions teams across the globe have worked on over recent months.
Revised Draft ATAD of Implementation Act
In an unprecedented way, the worldwide spread of the coronavirus has led to an abrupt reduction in public life and economic activity.
At the end of March of this year, the Federal Ministry of Finance re-published its draft bill regarding the Act on the implementation of the Anti-Tax Avoidance Directive (ATAD Implementation Act bill) and thereby resumed its work on the legislative procedure, which was last interrupted in...